@Opus 17
you said "And second, you can only deduct interest up to current year taxable income that you report", is this only for the amount you borrow to invest or all investment. example:
I have Rental Property A. I borrow $10000 and put that $10000 to ereit. The loan on interest on property A is $500 and the ereit income is $100. I also have another property B which have taxable income $2000. Do i still only able to deduct $100 or the entire $500. Thanks
