All Forum Posts by: Kareem Shihab

Thanks for the Quick reply Steven. Just so I understand if I have a portfolio of investment properties I can deduct all the mortgage interest as long as it does not exceed what I have invested in the property? So if I had 10 properties with 100k invested in each ($1mm total invested) and my mortgage interest I paid for that year on all 10 properties in total was $1.1mm. I would only be able to deduct $1mm of that? 

Hi!  I'm new here and I have a basic question. I own a Single Family home and deduct my mortgage interest. If I am buying an investment property am I also allowed to deduct my Mortgage interest? For investment properties (assuming I owned 10) is there a limit to how much mortgage interest you could deduct in total? Finally could you deduct mortgage interest in one property to reduce your tax liability from different property?  

Thanks!

K