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fjrob
New Member

Must income received from rental property be counted as income if the income is used to make the mortgage payments?

 
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MinhT
Expert Alumni

Must income received from rental property be counted as income if the income is used to make the mortgage payments?

Yes, in the rental section, you need to report rental income and deduct allowable expenses such as mortgage interest, property taxes, depreciation, repairs, etc...

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MinhT
Expert Alumni

Must income received from rental property be counted as income if the income is used to make the mortgage payments?

Yes, in the rental section, you need to report rental income and deduct allowable expenses such as mortgage interest, property taxes, depreciation, repairs, etc...

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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