jvesterby
New Member

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?