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labkelly
New Member

Can I claim my mortgage interest on my main home against my gas and oil royalties on schedule E?

 
2 Replies
MinhT
Expert Alumni

Can I claim my mortgage interest on my main home against my gas and oil royalties on schedule E?

No, you cannot claim mortgage interest on your home against your gas and oil royalties on Schedule E.

Mortgage interest is claimed on Schedule A if you itemize your deductions.

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piasrotty
Level 2

Can I claim my mortgage interest on my main home against my gas and oil royalties on schedule E?

I didn't think you could deduct mortgage interest, but decided to check, since   Turbo Tax put it in automatically.   I will remove it...….check your returns.

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