Can Interest Be Deduction if Hard Money was Used

Can Interest Be Deduction if Hard Money was Used

New to Real Estate · VA · Member since 2023 · 16 posts · 2 votes

I understand that mortgage interest can be deducted from taxes, but does this still apply if hard money was used to purchase the property?

For example, I borrowed $200k from an HML, and this was all invested into the property, the interest was at 12% a year, can this interest be deducted?

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