Updated about 6 years ago on .
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Interest on HELOC deductible if used for investment down payment
Now that the interest on a HELOC isn't deductible on a primary anymore, I was wondering if it could be deducted as a rental expense if used as a down payment? I'm about to make an offer on a single family home using funds from my HELOC and it will take me some time to pay down the HELOC (higher rate than a conventional investment loan).