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Not for the mortgage itself, but real estate investors typically pay very little tax on their rental income. You can take depreciation, and deduct maintenance/r
by dminor 5y ago
Not for the mortgage itself, but real estate investors typically pay very little tax on their rental income. You can take depreciation, and deduct maintenance/repairs, property management fees, property taxes, insurance, etc. in addition to mortgage interest.
- jjav 5y agoAre you suggesting a business should pay tax on the gross income, regardless of their costs? A store should pay income tax on the gross sales, without deducting the cost of purchasing the things they later sell?