Home › Forums › Financial Markets/Economics › Good fact based WSJ article on who pays taxes in America › jstoesz wrote:people who buy
[quote=jstoesz]people who buy real estate for investment purposes do not receive a mortgage tax deduction.[/quote]
Sure they do. It is deductible as a business expense, like any other expense.
Home mortgage interest is given special consideration to be treated like a business expense when it is, in-fact, a personal expense.
Mortgage interest on investment property starts out as a business expense and is therefore deductible without any special rules.
