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Financial Planning / Tax Strategies


Subject:  Re: Tax Q's on financing on an investment proper Date:  9/3/2013  12:21 PM
Author:  TMFPMarti Number:  119125 of 124833

I am trying to figure out if the tax write offs are different whether we get a home equity loan on our own house or a mortgage on the rental house.

You definitely want to deduct the interest as a rental expense. I believe that you can deduct the home equity interest as a rental expense as long as you have adequate tracking to show that's how the proceeds were used. Try Pub 535.


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