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June 7, 2019
Question

Are mortgage payments on rental property considered an expense?

  • June 7, 2019
  • 1 reply
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The IRS does not allow me to include the mortgage payment as an expense?  Am I missing something?

1 reply

Carl11_2
Employee
June 7, 2019

No. The only part of the mortgage payment you can deduct, is the interest paid as reported on the 1098-Mortgage Interest Statement you received from the lender for the mortgage on that loan.