MarkM Posted April 6, 2015 Report 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
Terry D EA Posted April 6, 2015 Report 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
Jack from Ohio Posted April 6, 2015 Report 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
DANRVAN Posted April 7, 2015 Report 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
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