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RERE443
New Member

Is rental income the amount left after mortgage payment

 
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‎June 5, 2019 10:50 PM
last updated ‎June 05, 2019 10:50 PM
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DoninGA
Level 15
Level 15

Is rental income the amount left after mortgage payment

Rental income is the total rents received for 2016.  Mortgage interest, property taxes and other rental expenses are entered separately.  You will need to add the rental property as an Asset to be depreciated.

‎June 5, 2019 10:50 PM
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