If i charge X amount of rent on my rental property, and pay Y amount on mortgage, is the Rental Income X-Y, or the whole amount X?

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If i charge X amount of rent on my rental property, and pay Y amount on mortgage, is the Rental Income X-Y, or the whole amount X?

The whole amount, X.

After reporting your gross rental income, you will then deduct your expenses. Expenses will include mortgage interest (not the whole mortgage payment) and depreciation.

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If i charge X amount of rent on my rental property, and pay Y amount on mortgage, is the Rental Income X-Y, or the whole amount X?

The whole amount, X.

After reporting your gross rental income, you will then deduct your expenses. Expenses will include mortgage interest (not the whole mortgage payment) and depreciation.