Investment loan Interest write off on taxes

Investment loan Interest write off on taxes

Rental Property Investor · Atlanta, GA · Member since 2016 · 325 posts · 253 votes

For those of you, who use primary home line of credit or equity to buy rental property. How do you write off or claim the interest on that loan on your taxes. Given that you used that loan to purchase your investment property.

This is for the scenario when you used the funds to do all cash purchase and until you refinance your investment property, you will be paying interest on that loan received on your home equity or line of credit.

0Reply
12 views

1 Reply

Jump to latestLatest
  • Real Estate Professional · West Palm Beach, FL · Member since 2012 · 23k+ posts · 13k+ votes
    5y

    Interest Tracing rules say as long as you use the loan for an investment property....no problem. 

Join the conversationCreate a free account to reply, vote on answers and follow this thread.