Re: Is the interest on my rental property and primary residence both limited to the $750,000 cap, or is that just for my primary residence.

Is the interest on my rental property and primary residence both limited to the $750,000 cap, or is that just for my primary residence.

posted

Rental property is a form of business property. THere is no limit on mortgage interest deductions for rental property. The limits only apply to your SCH A deductions. Mortgage interest on a rental property loan is a SCH E deduction, not SCH A.

I am a TX resident with CA rental property with a loss, should CA(540NR) Part II section B line 5 Column E be ZERO?

Expert does your taxes

Do it yourself

Resources

Support

Expert does your taxes

Do it yourself

Resources

Support

Is the interest on my rental property and primary residence both limited to the $750,000 cap, or is that just for my primary residence.

Is the interest on my rental property and primary residence both limited to the $750,000 cap, or is that just for my primary residence.

Get more help

Do you have a TurboTax Online account?

Is the interest on my rental property and primary residence both limited to the $750,000 cap, or is that just for my primary residence.

Do you have an Intuit account?

Is the interest on my rental property and primary residence both limited to the $750,000 cap, or is that just for my primary residence.

Get more help

Related Content

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

File your taxes, your way

Access additional help, including our tax experts

Post your question

Connect with an expert