Anonymous
Not applicable

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.