Solved: What is considered income on a rental property?

What is considered income on a rental property?

Is all of the rent considered income OR the actually amount over what the mortgage is.

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All the income is rental income. You can then deduct your mortgage interest, as a rental expense.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

All the income is rental income. You can then deduct your mortgage interest, as a rental expense.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

What is considered income on a rental property?