I wanted to just clarify1) The mortgage interests that I pay for the rental property is only calculated against my rental property income and cannot help lower my regular salary income tax?2) Basically the same question: the property tax for the rental is regarded only as expense for the rental property?3) If I keep piling up losses from my rental property (especially after I use the depreciation), does this all just keep adding up till I can hopefully use it in the future?4) Kindly clarify: any rental property loss does not bring down your regular income taxes, it just carries over as a loss for future tax returns invloving the rental property?THanks so much.
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