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fredshaw56
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Can I deduct Mortgage Payments I am making on the Property I am renting out?

 
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‎June 4, 2019 2:14 PM
last updated ‎June 04, 2019 2:14 PM
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KarenJ
Intuit Alumni

Can I deduct Mortgage Payments I am making on the Property I am renting out?

Yes, you can deduct the mortgage interest as a rental expense to help offset rental income.

[Edited 03.27.19 | 11:03 am]

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‎June 4, 2019 2:14 PM
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KarenJ
Intuit Alumni

Can I deduct Mortgage Payments I am making on the Property I am renting out?

Yes, you can deduct the mortgage interest as a rental expense to help offset rental income.

[Edited 03.27.19 | 11:03 am]

‎June 4, 2019 2:14 PM
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SweetieJean
Level 15

Can I deduct Mortgage Payments I am making on the Property I am renting out?

You can deduct mortgage interest only, not principal.
‎June 4, 2019 2:14 PM
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KarenJ
Intuit Alumni

Can I deduct Mortgage Payments I am making on the Property I am renting out?

I edited my response.  Please review my edited answer.  Thank you.
‎June 4, 2019 2:14 PM
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