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February 14, 2024
Question

rental property interest expense

  • February 14, 2024
  • 1 reply
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I borrowed money against my personal residence to buy a rental property.  I know i can't deduct it as an itemized deduction.   Can i deduct that interest paid on schedule C as an expense of the rental property ?

    1 reply

    February 14, 2024

    You report your rental property on Schedule E, not Schedule C.

     

    Yes, you can deduct the interest paid for your rental property as a rental expense.

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