AnnetteB6
Expert Alumni

Investors & landlords

No, the proceeds of the home equity loan must be used to 'buy, build, or improve' the home that is securing the loan.  This is the case from tax year 2018 through 2025 due to a tax law change.

 

To learn more, take a look at the following TurboTax help article:

 

Can I deduct interest on a home equity loan or a HELOC?

 


 

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