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Updated over 3 years ago on . Most recent reply presented by

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4
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2
Votes
Ryan Reid
  • Investor
2
Votes |
4
Posts

Is HELOC Interest Payments Tax Deductable

Ryan Reid
  • Investor
Posted

Hi Bigger Pockets Fam, 

Tax Time is upon us, and this will be my first year filing with a real estate portfolio. I baught 2 properties using financing, and used a HELOC on my primary residence to come up with the down payment amounts. This got me thinking...

Is it possible to claim the interest payments on my HELOC as a tax deduction? I am currious if anyone has gone down this path, and if it is a good move or not.

Thank you! 

Ryan

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