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Level 3
December 7, 2019
Solved

Can the interest on an equity loan on main home be used as an expense on a rental they purchased with the equity loan?

  • December 7, 2019
  • 1 reply
  • 12 views
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Best answer by IRonMaN

If the money can be traced there, yes.

1 reply

IRonMaN
IRonMaNAnswer
Level 15
December 7, 2019

If the money can be traced there, yes.

Slava Ukraini!
Level 7
December 7, 2019
within the total limit: $750,000 since Trump; $1.1M before