Cash out refi tax question
Hi All -
Apologies if this has been discussed 10,000 times before, I searched the forums and struggled to find an answer to my exact questions. I plan on speaking to an accountant closer to tax time, but figured I’d start with some of the knowledgeable folks here.
My questions:
- Is the interest on a cash-out refi on a rental tax deductible?
- Is interest from any refinance on a rental tax deductible?
Thanks so much!
David