You'll need to sign in or create an account to connect with an expert.
Yes, you have to claim this as a rental expense. You may not declare this amount as if it were not a rental.
If you pay Mortgage Interest Expense on a Rental Property, the only place the IRS will allow you to deduct it is Schedule E.
You may only use the Mortgage Interest Deduction on Schedule A for personal use properties.
Yes, you have to claim this as a rental expense. You may not declare this amount as if it were not a rental.
If you pay Mortgage Interest Expense on a Rental Property, the only place the IRS will allow you to deduct it is Schedule E.
You may only use the Mortgage Interest Deduction on Schedule A for personal use properties.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
nomad
Level 1
fucndfsdsfddfdf
Returning Member
Think57
Level 3
Think57
Level 3
smlucio
Level 1
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.