Mortgage interest expense

[Rhkjr]

I am going to take out a mortgage out on a primary residence to purchase an investment property.  Can the mortgage interest be an expense on the investment property even though the mortgage isn’t secured by the investment property?

[Bsch4477]

The interest can be deducted as investment interest to the extent of investment income. 

[LeticiaF1]

Yes, as Bsch4477 mentioned, you can deduct the interest as an expense.  For more information on rental property income and expenses, see the TurboTax help article below:

Rental Real Estate and Taxes

@Rhkjr 

[Rhkjr]

Ok thanks

[Rhkjr]

Ok thanks