I'm paying mortage interest on a rental property that has not yet been placed in service. Can I claim interest payments? If so, where?

[sirgalavant]

I purchased a rental home in late 2015 and paid interest in 2016. The home is not yet placed in service so I have not started depreciation on the home and expenses to repair.  I have paid interest on the loan in 2016.  Can I deduct the loan payments? Or, do I need to wait until the home is placed "in service"?

[PaulaM · Accepted solution]

You can deduct the interest paid in the Your Home section. The home would be considered a second home until you place it in service.

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