Mortgage Interest is Deductible

Generally, home mortgage interest is any interest you pay on a loan secured by your property.

Interest is deductible on all mortgage loans used to acquire, construct or improve real estate.

You are allowed to deduct all mortgage interest paid to financial institutions for your rental activity.

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This entry was posted on Tuesday, June 2nd, 2009 at 10:14 am and is filed under Schedule E. You can follow any responses to this entry through the RSS 2.0 feed.