https://ttlc.intuit.com/community/tax-credits-deductions/discussion/home-equity-loan-interest/01/3136419#M301335 <P><SPAN>I turned my primary home into a rental property mid year. Before it was a rental I took a home equity loan out on it and used that money for the purchase of our second home. Am I allowed to deduct the interest from the home equity loan along with the primary mortgage interest from the rental income?</SPAN></P> Tue, 10 Feb 2026 09:47:43 GMT Brobertson212 2026-02-10T09:47:43Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/home-equity-loan-interest/01/3136419#M301335 <P><SPAN>I turned my primary home into a rental property mid year. Before it was a rental I took a home equity loan out on it and used that money for the purchase of our second home. Am I allowed to deduct the interest from the home equity loan along with the primary mortgage interest from the rental income?</SPAN></P> Tue, 10 Feb 2026 09:47:43 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/home-equity-loan-interest/01/3136419#M301335 Brobertson212 2026-02-10T09:47:43Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-home-equity-loan-interest/01/3136625#M301358 <P>under the IRS tracing rules since the HEL was used to buy the second home and not improve the primary residence the interest expense would be deductible on schedule A not schedule E&nbsp;</P> Sun, 21 Jan 2024 03:14:13 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-home-equity-loan-interest/01/3136625#M301358 Mike9241 2024-01-21T03:14:13Z