Benefit Of Reporting Mortgage Interest As Expense For Rental?
Is there any benefit to enter Mortgage Interest as an expense to the rental property or as part of the owner deductions.
I own a Four-Plex Unit and rent 3 units out and live in the complex. I understand that if I add the mortgage to the rental, it will reduce the profit thus keeping my adjusted gross income amount low. Otherwise, if I leave it out, the profits from the monthly rent will increase my AGI.
Where do I get best result or does it even matter?
Anyone can help?
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