Deductible Interest on HELOC used for investing in LLC I work for

[mlongley]

I am thinking of using the proceeds from a HELOC to invest in an LLC I work for. Would the interest paid on the HELOC be deductible?

[DoninGA]

No, the interest from the HELOC would not be deductible.

The interest on a HELOC is only deductible if it’s used to buy, build, or substantially improve your home and your total mortgage debt doesn’t exceed $750,000.