MarkM Posted April 6, 2015 Report Share Posted April 6, 2015 If a taxpayer's AGI is too high to deduct a rental loss, can the mortgage interest on the rental property go on Schedule A? Quote Link to comment Share on other sites More sharing options...
Pacun Posted April 6, 2015 Report Share Posted April 6, 2015 I don't think so. 1 Quote Link to comment Share on other sites More sharing options...
Terry D EA Posted April 6, 2015 Report Share Posted April 6, 2015 I'm with Pacun on this one. Any mortgage interest on rental property that is used for investment purposes is deductible on Sch E subject to the loss limitations. 3 Quote Link to comment Share on other sites More sharing options...
Jack from Ohio Posted April 6, 2015 Report Share Posted April 6, 2015 If a taxpayer's AGI is too high to deduct a rental loss, can the mortgage interest on the rental property go on Schedule A? Simple answer - No. Quote Link to comment Share on other sites More sharing options...
DANRVAN Posted April 7, 2015 Report Share Posted April 7, 2015 It could be deducted on Sch A only if it qualified as a second home: personal use more than the greater of 14 days or 10% of the days it was rented. Quote Link to comment Share on other sites More sharing options...
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