Skip to content
Tax, SDIRAs & Cost Segregation

User Stats

1
Posts
0
Votes
Mark Navaro
0
Votes |
1
Posts

Borrowing against rental to payoff primary home loan

Mark Navaro
Posted Oct 16 2018, 13:53

The 2018 Tax law discourages itemization by providing a bigger exemption and capping mortgage interest and SALT deductions. I have a rental that is fully paid off, but my primary residence carries a mortgage. 

If I borrow against the rental to pay off the primary home loan,  will the new interest on the rental be a justifiable business expense deduction?

Loading replies...