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Updated over 4 years ago,
Can mortgage interest of primary residence be a business expense?
I have a question in regard to refinancing rental property. The interest rate spread of a conventional mortgage between a rental property and a primary residence is about 1.5%. I remember the time when it was closer to 1%. In order to take advantage of the current low interest rates, can I cash out refinance my primary residence and still deduct the interest payments as a business expense?