
Anonymous
Not applicable
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Investors & landlords
can I continue to deduct the interest reported on 1098 for primary residence on schedule E as usual? (Upto 333k each)
this makes no sense since interest on primary residence is reported on schedule A.
however. if you refied your primary for $1 million, IRS tracing rules would still require that amounts used to pay off loans on investment property, still be attribute that property and deducted on schedule E.
‎November 29, 2019
7:37 PM