- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
Yes, if you used your HELOC to purchase Rental Property, you can deduct the full amount of Mortgage Interest as a Rental Expense on Schedule E.
Don't include that mortgage interest on Schedule A as an Itemized Deduction, in that case.
Click this link for more info on Using HELOC to Purchase Rental Property.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 3, 2023
12:13 PM