I just purchased my first 3 rental properties with 2 mortgages. If I pay all of the expenses with my regular 9-5 income does that count as a tax deduction? And if it’s not what is it?

Ducote, Yes it does. The expenses don’t have to be paid with the rents generated via rental activity. Not all the expense are deductible though. Based on your post, I would recommend reading few 101 blogs or book on the rental finance.

@Ducote KiernanCongrats on purchasing 3 rental properties.You want to keep track of all the expenses related to your rental properties.You also want to track your expenses by property.You are entitled to the deduction as long as it is ordinary and necessary(and reasonable). The IRS does not differentiate where the money came from, solong as you paid for the expenses.

@Ducote Kiernan I'm not a tax professional, however, we have a rental not yet in an LLC and we pay our rental expenses out of our job and our CPA uses theff m as deductions on Schedule E.