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Updated about 3 years ago on . Most recent reply

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Santosh Bobbili
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3
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Is HELOC interest tax deductible?

Santosh Bobbili
Posted

Hello Everyone,

I recently bought a rental property using HELOC from my primary residence as a down payment. Is the interest paid on HELOC tax deductible?

Appreciate your response.


Thanks,

Sai

Most Popular Reply

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Ashish Acharya
#2 Tax, SDIRAs & Cost Segregation Contributor
  • CPA, CFP®, PFS
  • Florida
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Ashish Acharya
#2 Tax, SDIRAs & Cost Segregation Contributor
  • CPA, CFP®, PFS
  • Florida
Replied

Yes, it is at the rental level if you used 100% of the fund. 

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