We own a rental property under a land contract and rent it out. We pay taxes water/sewer and garbage and complete all repairs. How do we deduct payments to the owner

[MinhT1]

If you rent your property at fair market value, you can deduct interest paid on the land contract to the land owner as rental expenses. Other expenses such as repairs are also deductible.

@Hal_Al  Thank you. I misread it as a land rental contract.

Edited 03/30/2020  | 5:35 PM PST

[Hal_Al]

You may NOT deduct the payments to the owner.  Payments to the owner usually consist of principal and interest.  Only the interest portion of the payment is deductible.