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Channel: Trulia Voices: Is the interest on a mortgage deductable if it is a rental property?
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Answer by Anna M Brocco

When it comes to any tax related questions, it's really in your best interest to consult with your tax professional, and or tax attorney....

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Answer by Ron Thomas

It is if your Tax Professional set it up that way. We cannot answer this for you, Your Tax person has to answer it. Good luck and may God bless

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Answer by Oleg Polonsky

Good evening, ElmoElmo. I am sure that your CPA will be happy to answer this question for you. In the meantime, I live in Kensington, and I will be happy you with your transactions here. Good luck!

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Answer by Keith & Kinsey Schulz

In most cases mortgage interest on a rental is deductible. We are able to deduct the interest on our personal rentals. Although, I'll give the same disclosure as everybody else... check the your tax...

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Answer by Gena Bolton

I know your looking for a simple yes or no answer and seems like in real estate these days we all defer to a legal source - and in this case your tax adviser and yes please use them not us....: But...

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Answer by Annette Levinson

Your accountant will do a Schedule E in which you deduct mortgage interest from the rent you receive besides other things. You need to speak to your accountant.

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