Welcome to The Brick Restaurant & Tavern. Located on The Circle in Georgetown, Delaware, just 15 miles from Delaware beaches. Our 5th Annual Farmer & Foodie Festival is Saturday, September 13th from 10 am â 4 pm. During this time, The Brick will not be serving the regular lunch menu but instead will be offering a limited, festival menu that can be enjoyed in any of our outdoor areas.
Expenses to Obtain a Mortgage. You canât deduct as interest any expenses you pay to obtain a mortgage on your rental property. Instead, these expenses are added to your basis in the Â­property and depreciated along with the property itself.These basis Â­adjustments include: 1  abstract fees. 2  charges for installing utility services.xpenses to Obtain a Mortgage. You canât deduct as interest any expenses you pay to obtain a mortgage on your rental property. Instead, these expenses are added to your basis in the Â­property and depreciated along with the property itself. These basis Â­adjustments include: 1  abstract fees.
The IRS treats owner-occupied homes and rental property very differently. When you own and live in your home, your mortgage interest is a tax deduction. When you rent property, all expenses--including mortgage interest--are deductible, you depreciate the building and improvements over time, and you count rent as income.enting Full Time. If you move but keep your house as a rental property, you stop deducting mortgage interest on the building on the date of your move, and you begin taking rental property deductions and depreciation when tenants move in. The depreciation formula is the asset cost divided by its useful life.