You'll need to sign in or create an account to connect with an expert.
If the line of credit was taken against the rental, it would need to be reported as a rental expense.
Home mortgage (regular mortgage) must be on your main home or second home.
If the line of credit was taken against the rental, it would need to be reported as a rental expense.
Home mortgage (regular mortgage) must be on your main home or second home.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
bozlo
Level 2
svetpetrov99
New Member
pcow05
Level 1
joseph_ld
Level 2
mshell
Level 1
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.