Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
Yammy2804
New Member

I’m aware that we can claim real estate, and lawyer fees, but Can you claim mortgage interest payments as an expense against a capital gain on the sale of real estate?

 
1 Reply

I’m aware that we can claim real estate, and lawyer fees, but Can you claim mortgage interest payments as an expense against a capital gain on the sale of real estate?

You cannot deduct the mortgage payments, only the interest paid on it, yes.