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Deductions & credits
No, you can only deduct the portion for the rental property.
A rental deduction is for a rental property expense. If the expense is for something else (such as "another investment"), it is not a rental expense.
Depending on what that "another investment" is, it is possible the interest associated with that may be deductible (or possibly capitalized) for that investment.
‎August 29, 2020
1:02 PM