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 advisor, or read the IRS tax rules yourself to make sure. Every persons situation is different.
I wrote a blog recently about typical homeowner and rental property related tax deductions. Within the blog there are several links to portions of the tax code that may help you. See the link below.
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