What if i dont claim interest paid on my rental?

posted

Nothing will happen if you do not claim the interest on your rental. You will just be taxed on more rental income. You will not be able to deduct the interest on later income tax returns.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Paying yourself management fees from a sole proprietary LLC owning a real estate property

Expert does your taxes

Do it yourself

Resources

Support

Expert does your taxes

Do it yourself

Resources

Support

What if i dont claim interest paid on my rental?

What if i dont claim interest paid on my rental?

Get more help

Do you have a TurboTax Online account?

What if i dont claim interest paid on my rental?

Do you have an Intuit account?

What if i dont claim interest paid on my rental?

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