Is HELOC Interest Payments Tax Deductable
Hi Bigger Pockets Fam,
Tax Time is upon us, and this will be my first year filing with a real estate portfolio. I baught 2 properties using financing, and used a HELOC on my primary residence to come up with the down payment amounts. This got me thinking...
Is it possible to claim the interest payments on my HELOC as a tax deduction? I am currious if anyone has gone down this path, and if it is a good move or not.
Thank you!
Ryan