The Motley Fool Discussion Boards

Previous Page

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 127753

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.


Rule Your Retirement Home Fool
Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us