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plamonta
New Member

If own a home in another state that I rent , I can't claim deductions for mortgage interest & taxes on the federal side but can I claim on the state of AL side?

I own and rent a house in another state.  Can claim deduction for the mortgage interest, property taxes and mortgage insurance, etc on the state of AL side?

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HelenaC
New Member

If own a home in another state that I rent , I can't claim deductions for mortgage interest & taxes on the federal side but can I claim on the state of AL side?

First of all, you would report and enter your rental income and mortgage interest, property taxes, repairs, Landlord insurance and any other rental expenses on your federal income tax return, Form 1040, Schedule E, Supplemental Income and Loss (From rental real estate, royalties, partnerships, S corporations, estates, trusts, REMICs, etc.)

The income or loss amount would flow to your AL state income tax return.

To enter income and expenses from a rental property:
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