On the mortgage paid between my husband and I we have 7072.23 of interest paid during the period, where do I claim it ?
031366
1 Best answer
fuzzy
New Member
Oct 29, 2019 8:11:29 PM
Mortgage interest is considered a personal expense and therefore is not deductible unless the property is used for earning rental income or business income.
3 Replies
fuzzy
New Member
Oct 29, 2019 8:11:29 PM
Mortgage interest is considered a personal expense and therefore is not deductible unless the property is used for earning rental income or business income.
lunaazul
New Member
Oct 29, 2019 8:11:30 PM
the question is WHERE?
fuzzy
New Member
Oct 29, 2019 8:11:32 PM
Is the property a rental or business? This will determine WHERE the interest should be claimed