Use mortage interest from my primary house's loan for a rental property

My primary house was fully paid off before I refinanced it to take money out to purchase a rental property. Can I deduct the mortgage interest as an expense on the rental property?

posted

Yes.

If you used the loan proceeds to purchase your rental property, you can deduct the interest paid as a rental expense.

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LLC purchased a rental property at the end of the year and didn't report it on tax return

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