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Investors & landlords
Thank you so much. I read Publication 527, 936, and 535 from IRS website. I have not found out where it says I can deduct HELOC interest on Rental property.
I saw " Note. Interest on home equity loans and lines of credit are deductible only if the borrowed funds are used to buy, build, or substantially improve the taxpayer’s home that secures the loan." on Publication 936, on page 2.
Please send me a link or paragraph that states HELOC or equity loan interest can be deducted.
Thank you
Tam Trinh
April 14, 2020
9:22 PM