mortgage interest

Forum|Forum|10 months ago
May 8, 2025
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I have both rental income and regular income. If I itemize, can I put the mortgage interest in Schedule A as opposed to Schedule E? If the rental has been rented for the full year, can I split the mortgage interest so long as the total mortgage interest is the sum of what is entered in Schedule A + Schedule E?

Thanks

DoninGA

No, you cannot enter the rental property mortgage interest on Schedule A.

As stated on the Schedule A instructions for home mortgage interest - https://www.irs.gov/pub/irs-pdf/i1040sca.pdf#page=7

A home mortgage is any loan that is secured by your main home or second home, regardless of how the loan is labeled. It includes first and second mortgages, home equity loans, and refinanced mortgages.