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?

I have an error during review where it states my K1 has Foreign interest expense allocated at partner level but no foreign source income is listed at the individual level

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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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