You'll need to sign in or create an account to connect with an expert.
If you have a rental property, you can deduct the expenses related to the property. Those expenses include property taxes (including local propositions), and mortgage interest. You cannot deduct the principal portion of your loan payments. You can also deduct maintenance and upkeep, repairs, etc.
For more information see IRS Pub 527 - Residential Rental Property
If you have a rental property, you can deduct the expenses related to the property. Those expenses include property taxes (including local propositions), and mortgage interest. You cannot deduct the principal portion of your loan payments. You can also deduct maintenance and upkeep, repairs, etc.
For more information see IRS Pub 527 - Residential Rental Property
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
obeteta
New Member
jl_brooks
Level 1
9137421619
New Member
katehailey
New Member
Khoa152
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.