“Mortgage Payment” is not listed on your Profit & Loss (P&L) statement, because mortgage payments are not a tax-deductible expense per the IRS.

While the mortgage payment itself is not deductible, the interest portion of the payment is. Because there are so many variables that go into calculating mortgage payments, Rentastic does not track the interest portion of your payment.

At the end of the year, your mortgage lender will send you a 1098 form, showing you exactly how much was spent in mortgage interest and property taxes. These forms should be given to your CPA in conjunction with your Rentastic-generated P&L statement to provide them with the most accurate data.