Deducting HELOC interest on an investment property

Tax, SDIRAs & Cost Segregation
5yFollow

Deducting HELOC interest on an investment property

T. Harris
New to Real Estate · Member since 2018 · 11 posts · 2 votes

I took out a HELOC on a rental property(prop1) and used the proceeds to purchase another investment property(prop2). Can I deduct the interest on either property?

0Reply
21 views

1 Reply

Jump to latestLatest
  • Kyle J.
    Rental Property Investor · Northern, CA · Member since 2012 · 5k+ posts · 5k+ votes
    5y

    @T. Harris  Yes, according to the interest tracing rules, you'd deduct the interest against rental property 2.  

    0Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free