Can I deduct interest on a home equity line of credit if I invest money in stocks specially dividend paying ones and have some capital gain and loss at end of year
No ... HELOCs are not deductible if you did not use the proceeds to buy, build or improve your personal residence.
Thanks. How about buying an investment property?
No, it must be yur first or 2nd home (e.g. vacation property). Investment property does not qualify.