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March 23, 2021
Question

Rental Property-principal payments

  • March 23, 2021
  • 1 reply
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how do I deduct as an expense my principal payments on my rental property?

1 reply

March 23, 2021

Your principal payments are not deductible as a rental expense. They only reduce your mortgage balance.

 

You can only claim the interest paid as a rental expense.

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