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

labkelly · ‎June 1, 2019

MinhT · ‎June 1, 2019

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 · ‎March 26, 2020

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

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

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