Updated almost 4 years ago on . Most recent reply
tax deductible limit on rental properties
are there any max limit on mortgage interest, property tax etc, which would stop you from getting tax deductions on rental properties you own ?
in other words say you own in your name (not llc):
primary residence : mortgage 750k
rental A : mortgage 750k
rental B : mortgage 750k
are you able to claim deductions on all three properties, I.e mortgage interest and property taxes ?
or there is any applicable max limit ? if so what id the limit
Most Popular Reply
The $750,000 mortgage limitation you are referring to is in relation to personal mortgage interest paid on a personal residence. It does not apply to investment properties.
- Basit Siddiqi
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Basit Siddiqi CPA
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