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omarh93
New Member

I entered mortgage interest for rental property but its not showing up in the summary, its still 0

Entering expenses for my rental property and the mortgage interest isn't working. Its clearly entered but it still shows 0 in the 2025 column.
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5 Replies
PatriciaV
Employee Tax Expert

I entered mortgage interest for rental property but its not showing up in the summary, its still 0

Did you report that you rented the property during the year? Have you checked your business use percentage for the rental property? Either of those factors may change the amount of mortgage interest that is allocated to the rental property.

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I entered mortgage interest for rental property but its not showing up in the summary, its still 0

Mortgage interest for rentals is still glitching. Please advise.

DaveF1006
Employee Tax Expert

I entered mortgage interest for rental property but its not showing up in the summary, its still 0

The most common reason is if your total rental expenses (including depreciation and interest) exceed your rental income, you have a passive loss.

 

  1. The IRS generally doesn't allow you to use rental losses to offset your other income (like W-2 wages) unless you meet specific criteria.
  2. The software "tracks" the interest in the background, but it shows $0 on the summary because the loss is being carried forward to future years rather than being applied today.
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ndaehn
New Member

I entered mortgage interest for rental property but its not showing up in the summary, its still 0

I am seeing this same issue.  I have insurance, real estate taxes, and mortgage interest on my rental property with the property being occupied the entire year and it is entering zero for my property expenses.  As a result, it's showing I have more profit than what I actually had.  There is a bug!

ndaehn
New Member

I entered mortgage interest for rental property but its not showing up in the summary, its still 0

I was able to fix it!

 

I had gone through the wizard several times entering the same info to no avail.  I think the sum function is not being triggered for the combination of fields i entered expenses for.  I had to enter a manual adjustment, it still showed zero for expenses.  I re-went through the wizard again entering the exact same info, then it properly showed the expenses.  I un-checked the manual expense option and the expenses were finally properly summed for the property.

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