I thought you could only deduct mortgage interest for a primary residence. Can you do it for rental mortgages as well? I don't know much about this. For your home, you can only deduct mortgage interest and property taxes.When you own a rental, you own a business. So you can deduct all of your business expenses, including mortgage interest property taxes, insurance, homeowners' association dues, utilities, repairs and maintenance, a property manager, and pretty much every other expense associated with the property. You also get to deduct part of the cost of the property as depreciation each year.--Peter
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