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chris-watkins
New Member

Are mortgage payments on rental property considered an expense?

The IRS does not allow me to include the mortgage payment as an expense?  Am I missing something?
posted
‎June 7, 2019 3:56 PM
last updated ‎June 07, 2019 3:56 PM
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Carl
Level 15
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Are mortgage payments on rental property considered an expense?

No. The only part of the mortgage payment you can deduct, is the interest paid as reported on the 1098-Mortgage Interest Statement you received from the lender for the mortgage on that loan.

‎June 7, 2019 3:56 PM
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