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Updated over 5 years ago on . Most recent reply

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16
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Jason A.
  • New to Real Estate
2
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16
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Can I deduct both mort. interest and depreciation from my taxes?

Jason A.
  • New to Real Estate
Posted

Greetings,

I'm getting some conflicting advice on this topic. Can I deduct both mortgage interest and depreciation from my rental property on my personal taxes?

Most Popular Reply

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382
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Bob Norton
  • Accountant
  • Slidell, LA
272
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382
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Bob Norton
  • Accountant
  • Slidell, LA
Replied

@Jason A. Yes, you can deduct all expenses related to your rental properties, including mortgage interest and depreciation, on Schedule E of your personal tax return.  If you are house hacking, then only a portion of the mortgage interest can be deducted and only a portion of the house can be depreciated.  

  • Bob Norton
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