ToddL99
Expert Alumni

Investors & landlords

The answer is still no.

 

For tax years 2018 through 2025, you can only deduct the interest from the amount of your loan that was used to buy, build, or improve the home that it’s secured by.

 

The loan you took out one year after purchase was used to pay off a margin loan, not to buy, build, or improve the home that it’s secured by.