I did a cash out refinance to my primary home to pay off mortgage of rental property. How to report mortgage interest expenses?

posted

This could be an issue (where you cannot deduct the interest as home mortgage interest nor use tracing to apply the loan to the rental property).

I'm going to page @AmeliesUncle.

Just to clarify, you "refinanced" your existing mortgage, and your new mortgage now includes BOTH the prior mortgage amount PLUS the 'cash out' that you paid off the rental, right?

how do i elect to treat qualified dividends as investment income for purposes of benefiting from investment interest expense in turbo tax? How do i do it in the software?

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I did a cash out refinance to my primary home to pay off mortgage of rental property. How to report mortgage interest expenses?

I did a cash out refinance to my primary home to pay off mortgage of rental property. How to report mortgage interest expenses?

I did a cash out refinance to my primary home to pay off mortgage of rental property. How to report mortgage interest expenses?

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I did a cash out refinance to my primary home to pay off mortgage of rental property. How to report mortgage interest expenses?

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I did a cash out refinance to my primary home to pay off mortgage of rental property. How to report mortgage interest expenses?

I did a cash out refinance to my primary home to pay off mortgage of rental property. How to report mortgage interest expenses?

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Get more help

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