qunjie
Returning Member

The 600K cash from a cashout refi was used to pay off a high rate loan of an investment property, can the interests of that 600K being deducted from the rental income?

I did a cashout refi of our primary house, and took out 600K cash to pay off a high rate loan for an investment property . Can the interests paid for that 600K being deducted from the rental income of that investment property?