https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/i-rent-my-old-primary-residence-out-for-1250-month-and-the-mortgage-on-the-property-is-1031-month-is/01/175478#M6783 This property is in another state than my current primary residence.&nbsp;&nbsp;Also the rental property was my primary residence for 7 years before I rented it out.&nbsp;&nbsp;I also rented it out for the whole year from Jan - Dec Sat, 01 Jun 2019 15:39:52 GMT derekmiddendorf 2019-06-01T15:39:52Z https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/i-rent-my-old-primary-residence-out-for-1250-month-and-the-mortgage-on-the-property-is-1031-month-is/01/175478#M6783 This property is in another state than my current primary residence.&nbsp;&nbsp;Also the rental property was my primary residence for 7 years before I rented it out.&nbsp;&nbsp;I also rented it out for the whole year from Jan - Dec Sat, 01 Jun 2019 15:39:52 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/i-rent-my-old-primary-residence-out-for-1250-month-and-the-mortgage-on-the-property-is-1031-month-is/01/175478#M6783 derekmiddendorf 2019-06-01T15:39:52Z https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/your-rental-income-is-15-000-1-250-x-12-your-mortga/01/175479#M6784 <P>Your rental income is $15,000 ($1,250 x 12).&nbsp; Your mortgage payment is not used to determine your income/loss.&nbsp; Rather, you will deduct the interest and property tax you paid, as well as any other deductible expenses related to your rental.&nbsp; The portion of your mortgage payment that is applied towards principal is not deductible.&nbsp; You will also need to file a state tax return for the state where your rental is located (if they have a state income tax).<BR /></P> Sat, 01 Jun 2019 15:39:52 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/your-rental-income-is-15-000-1-250-x-12-your-mortga/01/175479#M6784 DDollar 2019-06-01T15:39:52Z