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Updated about 7 years ago on . Most recent reply

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38
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8
Votes
John M.
  • Philadelphia, PA
8
Votes |
38
Posts

tax bill impact on investment properties

John M.
  • Philadelphia, PA
Posted

seems under new tax bill..you cannot deduct investment property's mortgage interest from your tax bill. Only primary residence mortgage interest can be deducted. And no interest deduction for equity loan.

https://www.forbes.com/sites/kellyphillipserb/2017...

if yes..that would impact one of the key benefits of investing in rental properties. Am I missing something?

Most Popular Reply

User Stats

477
Posts
476
Votes
Brian Schmelzlen
  • Accountant
  • La Mesa, CA
476
Votes |
477
Posts
Brian Schmelzlen
  • Accountant
  • La Mesa, CA
Replied

You can still deduct the interest on Schedule E if it is a rental.

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