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Taken 75k HELOC to buy rental property of 100k. HELOC Annual interest is 3k. I am a salaried employee in the 20% bracket. Can I claim interest deduction of the entire 3k?
If I buy 3 other rental properties with HELOC on similar lines, is the entire interest deductible from my income ?
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‎June 6, 2019
6:20 AM