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Deductions & credits
My question was around the interest expense being an eligible deduction against rental income, when the interest is accured on a loan, which is obtained after buying the property in cash. Basically, loans are of different types. If delayed financing comes under acquistion bucket loan (for investment property), then it should behave fine. Otherwise, I think we can't use the interest expense as tax deduction.
‎June 16, 2021
6:43 PM