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The mortgage payments themselves are not deductible, but if you're paying certain items as part of those payments -- such as property taxes and private mortgage insurance (not homeowner's insurance) -- then you can separate out those amounts and deduct them. In addition, you can deduct your mortgage interest paid.
TurboTax has entry boxes for each of those expenses in the rental expense section.
The mortgage payments themselves are not deductible, but if you're paying certain items as part of those payments -- such as property taxes and private mortgage insurance (not homeowner's insurance) -- then you can separate out those amounts and deduct them. In addition, you can deduct your mortgage interest paid.
TurboTax has entry boxes for each of those expenses in the rental expense section.
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