Thanks for your answer. Yes, your #'s make more sense. I was not using actual figures. My #'s were simply for providing an easy example.

Hello everyone! This is my first tax season as a holder of an investment property. I would like to double check how my accountant filed my taxes. To make the numbers easy, lets say I rent the property for $1000 per month while mortgage payments are $900. Property tax payments are $100 so this...