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wayneade
New Member

Rental house & other debt was financed through first mortgage loan on primary residence. Can I deduct the interest on the $30K for rental w/o a 1098 showing that amount?

 
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KrisD
Intuit Alumni

Rental house & other debt was financed through first mortgage loan on primary residence. Can I deduct the interest on the $30K for rental w/o a 1098 showing that amount?

You can claim the interest as an expense on the rental, not as home interest on the primary home. 

Use your loan statement and keep a copy with your tax file.  

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