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Am I allowed to deduct the interest from a HELOC secured by my primary mortgage, but used for repairs on rental properties?
I have a Home Equity Line of Credit secured by my primary home / mortgage in MD. I used $6000 of it to pay for repairs and improvements on a rental property I own in OH. The rental property is rented to a tenant. Am I allowed to deduct the interest on the money I borrowed?
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‎June 3, 2019
1:53 PM