General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated almost 8 years ago on . Most recent reply

Do I pay income tax on rent income paid towards mortgage?
Hello Everyone
I am considering buying a house in California which has a guest house suitable for one person to live in. I may live in the guest house and rent out the main house or vice versa. Do I pay income tax on the rental income? All of it will go towards the mortgage. If yes, are there any steps I can take reduce my taxes?