DianeC958
Expert Alumni

Investors & landlords

Since the money you borrowed from the HELOC was put into an investment, the interest you paid is not deductible for 2019.  If you receive a return on the investment in 2020, then you report the interest paid as part of your basis in the investment.

 

What Are Deductible Investment Interest Expenses?

 

@Sue53

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"