Crucial Tax Tips for Landlords, Tip #15
The “Other Interest” deduction is for all interest expenses related to your rental activity for which you did not receive a Form 1098.
This can include finance charges on credit card purchases made for your properties, interest paid on installment sale purchases, and other types of loans related to your rental activity.
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Everyones tax situation is different, and this information should not substitute professional advice. Taxpayers should always consult with their tax advisors to consider specific factors that might affect their situation.
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