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RD
RD, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 8784
Experience:  CPA, MBA, Over 10 yrs of experience in tax planning and business consulting..
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I purchased a rental property with a mortgage against my home.

Resolved Question:

I purchased a rental property with a mortgage against my home. Is the mortgage interest deductible from the rental income?
Submitted: 6 years ago.
Category: Tax
Expert:  RD replied 6 years ago.

RD :

Yes, since the loan was used to finance the rental property, you will deduct the mortgage interest against the rental income.

RD :

Let me know if you have any questions.

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