How do I deduct the payments I am making for the mortgage on a rental house? The rent I receive looks like income, but is offset by the payments against the mortgage.

The difference is about 9000.00

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You cannot deduct the principal on the mortgage payments; only the interest and taxes.

The cost of the home (the principal on the loan) is recovered through depreciation. You will enter the home into the Assets and Depreciation section of your rental expenses.

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I cant access all of the pages needed from my 2022 1040 for a mortgage loan, it only shows 2 pages however it shows all the correct 9 pages for 2021, help me with 2022?

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How do I deduct the payments I am making for the mortgage on a rental house? The rent I receive looks like income, but is offset by the payments against the mortgage.

How do I deduct the payments I am making for the mortgage on a rental house? The rent I receive looks like income, but is offset by the payments against the mortgage.

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How do I deduct the payments I am making for the mortgage on a rental house? The rent I receive looks like income, but is offset by the payments against the mortgage.

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How do I deduct the payments I am making for the mortgage on a rental house? The rent I receive looks like income, but is offset by the payments against the mortgage.

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