naone1
Returning Member

Investors & landlords

Hi MaryK1101,

 

Thanks for the comments and appreciate your time.  I have read that if I took a heloc on main home can be used to purchase a rental and that interest is deductible so I thought the method I mentioned would be tangential to that.  Is it not true that the HELOC interest on primary home can be deducted from rental income on schedule C?

 

TIA!