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New Member
posted May 31, 2019 10:15:39 PM

If my primary residence is a rented apartment, and I own a house that I rent out, can I still deduct mortgage interest and property taxes?

I am taking the deduction for the investment property but I'm trying to figure out how to treat the house I own with regard to other deductions.

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1 Best answer
Expert Alumni
May 31, 2019 10:15:41 PM

Yes, you can deduct mortgage interest, property taxes, insurance on the home that you own but rent out as your rental expenses. 

In TurboTax, when going through the rental income and expenses, your interest/taxes are reported as rental expenses along with other expenses you may have. 

  1. Federal Taxes
  2. Wages & Income
  3. Rental Properties and Royalties - follow the instructions  Where do I enter income and expenses from a rental property?

1 Replies
Expert Alumni
May 31, 2019 10:15:41 PM

Yes, you can deduct mortgage interest, property taxes, insurance on the home that you own but rent out as your rental expenses. 

In TurboTax, when going through the rental income and expenses, your interest/taxes are reported as rental expenses along with other expenses you may have. 

  1. Federal Taxes
  2. Wages & Income
  3. Rental Properties and Royalties - follow the instructions  Where do I enter income and expenses from a rental property?