Can I deduct Mortgage Payments I am making on the Property I am renting out?

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Yes, you can deduct the mortgage interest as a rental expense to help offset rental income.

[Edited 03.27.19 | 11:03 am]

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Yes, you can deduct the mortgage interest as a rental expense to help offset rental income.

[Edited 03.27.19 | 11:03 am]

You can deduct mortgage interest only, not principal.

I edited my response. Please review my edited answer. Thank you.

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