Flobert
New Member

Cash out refinance on Investment Property: are interests tax deductible?

Hello, my main residence is in Washington State and I own a rental property in Arizona. I’m considering a cash out refinance on my rental property in AZ: will all interests be tax deductible regardless of where I spend the money from the cash out (since it is an investment property)?

 

If not, would money spent to improve my main residence qualify for interest deduction?

 

Thank you!

 

Flobert