Interest on home equity loan used to buy rental property?
noidem asked:
If I have a home equity loan secured by my main home, and the proceeds are used to buy rental property, is the interest expensed in Schedule E or does it go on Schedule A?
If I have a home equity loan secured by my main home, and the proceeds are used to buy rental property, is the interest expensed in Schedule E or does it go on Schedule A?
November 9, 2008
• Tags: Home Equity Loan, Proceeds, Rental Property • Posted in: Renting & Real Estate