Rental Property Tax Filing

My fiance and I bought a duplex together in March and live in one side and rent out the other side of the duplex. We started an LLC for rental properties and have the house under it. How do we file a quarterly tax return when the mortgage is split between us and the renters? Their rent would be our income, but is our portion of the mortgage considered a deductible expense?

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@okudronowicz wrote:
We started an LLC for rental properties and have the house under it.

A multi-member LLC will mean a Partnership tax return needs to be filed. I highly recommend going to a tax professional for that (and they can also help you with figuring out what to keep track of for the rental).