Cynthiad66
Expert Alumni

Deductions & credits

Yes.

 

Cash out refinance on primary home to pay off loan on rental loan. You could. However, when you get your 1098 Mortgage Interest Statement for the 600K loan, you will need to calculate the % of interest that belongs to the Rental Property portion of the loan to enter as a Rental Expense (or let TurboTax calculate)

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