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rosa-merchan47
New Member

Does the rental income include the total rent paid by tenant or total minus mortgage payment

 
2 Replies
DoninGA
Level 15

Does the rental income include the total rent paid by tenant or total minus mortgage payment

Total rents received for the rental property.  You enter your expenses for the rental property separately from the income.

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view2
New Member

Does the rental income include the total rent paid by tenant or total minus mortgage payment

Your mortgage payments cannot be used as an expense  on a residential rental property.You can not deduct the mortgage payment;You can  deduct  the mortgage interest. 

Where do I enter income and expenses from a rental property?

https://ttlc.intuit.com/replies/3288530

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