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fredshaw56
New Member

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

 
1 Best answer

Accepted Solutions
KarenJ
Intuit Alumni

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

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

[Edited 03.27.19 | 11:03 am]

View solution in original post

3 Replies
KarenJ
Intuit Alumni

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

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

[Edited 03.27.19 | 11:03 am]

SweetieJean
Level 15

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

You can deduct mortgage interest only, not principal.
KarenJ
Intuit Alumni

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

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