renting
Mortgage interest on a leased property can be deducted from the rental income (on a step-by-step route only, not on the 10% route).
residence
Mortgage interest on a self-contained residential apartment is not tax deductible (there is no direct tax benefit).
Important Note: The information on this website is for general informational purposes only and does not constitute professional tax advice. Consult a qualified tax advisor before making financial decisions.