purchased a rental property early this year with $ 250,000 all cash, of which $ 200,000 was borrowed from my aunt, who is not an American citizan and lives in overseas. I am now the owner and the landloard of the house. For this house, I pay property tax, all property-related expenses, and $ 800 every month to my aunut’s bank account as private loan interest (about 5% of the loan amount). All the loan agreement, money wiring, and monthly depoisted interest are documented. My question is: When I file tax return, can I dedudct the interest paid to my aunt from my taxable income?