MarilynG1
Expert Alumni

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. 

 

 

 

 

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