Can I expense the portion of interest on a HELOC secured by my principal residence that was used for repairs on my rental?

[petephilpott]

Would I enter this interest expense on Sched E line 12a mortgage interest or 13 other interest.  

I took out a HELOC on my principle residence and use a portion of that for repairs on my rental.  

[DDollar · Accepted solution]

Yes, you can deduct the interest from a home equity line of credit that was used to repair your rental property as a rental expense.  You cannot deduct it on Schedule A.