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how much of your yearly interest can be taken off your taxes on an investment mortagage loan?

2006-07-26 18:20:49 · 1 answers · asked by investor 1 in Business & Finance ➔ Renting & Real Estate

1 answers

All of it, as long as you "actively participate" in the management of the property. And as long as you don't get hit by the Alternative Minimum Tax.

2006-07-26 20:41:45 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋

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