Rental property - is mortgage interest tax deductible? - tax deductible mortgage
I have two properties: I live in a condo and a condo in another state to rent.
Can I claim mortgage interest on both properties as a deductible on my return?
I do not have my taxes with TurboTax, and depreciation and amortization, loss of my rental unit. Is there an effect?
Sunday, December 27, 2009
Tax Deductible Mortgage Rental Property - Is Mortgage Interest Tax Deductible?
3 comments:
You can deduct all mortgage interest rates, but at different times.
The house mortgage rates can be found in Appendix A.
Mortgage interest on your rent apartment is located in Appendix E. If you show a loss on Schedule E for rental housing, you may be able to deduct the loss if their income under the passive loss ($ 100,000) or if you profits offset losses from passive passive.
Mortgage interest you pay on the residential living, go to Appendix A (by resolution) the property taxes again
Interest in the apartment he rents is found in Appendix E of (rental), if you have a loss (w / or) mortgage interest rates, mortgage interest is still the loss
If you have any questions, please contact me at yahoo.com swim_girl2003
You can deduct both ... I did.
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