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Updated over 6 years ago on . Most recent reply

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20
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Ernesto Correa
  • Vacaville, CA
8
Votes |
20
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Do HELOC loans make sense after new Tax reform?

Ernesto Correa
  • Vacaville, CA
Posted

Due to the new restrictions on HELOC loans of not being able to deduct the interest paid, do they make sense to open?

  • Ernesto Correa
  • Most Popular Reply

    User Stats

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    Nicholas Aiola
    • CPA & Investor
    • New York, NY
    1,249
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    Nicholas Aiola
    • CPA & Investor
    • New York, NY
    Replied

    @Ernesto Correa

    @Jason G. is right - the deductibility of the interest follows the use of the money. In terms of using the HELOC funds to invest in a rental property, the interest would still be deductible under the new law.

    • Nicholas Aiola

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