Just doubling checking this question.
If I take out a loan, from my investment bank, secured again my brokerage assets and NOT the rental property itself, is the loan interest deductible on the rental property schedule E?
(note the loan will be used to pay off the current mortgage)
The loan interest, since not a mortgage, will only be reported on my brokerage/bank statement and NOT on a 1098 or equivalent. Any issues?
