I purchased a new rental property last year. Can i deduct the 20% down payment required to purchase the rental home?

[RichardG]

No, the down payment is a capital expense, and is not deductible.  Instead, you depreciate the home based on the full purchase price.  Please go to Federal Taxes>Wages & Income>Rental and Royalty Income to enter all the information concerning your new rental property.

Please follow this link for more information.  https://turbotax.intuit.com/tax-tools/tax-tips/Rental-Property/Tax-Deductions-for-Rental-Property-De...