Profile picture for user240111

I use home equity loan to buy a rental property. Can the interests be deducted from rental income?

I use home equity loan to buy a rental property.  Can the interests be deducted from the rental income tax?
  • May 15 2012 - US
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Answers (1)

Profile picture for wetdawgs
Please consult with your tax advisor.   When I  helped people prepare taxes, only mortgages secured by the rental property in question could be deducted (so the answer would have been no).

  • May 15 2012
  • 0Yes

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