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April 23, 2025
Question

Mortgage interest expense

  • April 23, 2025
  • 2 replies
  • 0 views

I am going to take out a mortgage out on a primary residence to purchase an investment property.  Can the mortgage interest be an expense on the investment property even though the mortgage isn’t secured by the investment property?

2 replies

Employee
April 23, 2025

The interest can be deducted as investment interest to the extent of investment income. 

RhkjrAuthor
April 23, 2025

Ok thanks

April 23, 2025

Yes, as Bsch4477 mentioned, you can deduct the interest as an expense.  For more information on rental property income and expenses, see the TurboTax help article below:

 

Rental Real Estate and Taxes

 

@Rhkjr 

RhkjrAuthor
April 23, 2025

Ok thanks