Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 2 years ago,
Can Interest Be Deduction if Hard Money was Used
I understand that mortgage interest can be deducted from taxes, but does this still apply if hard money was used to purchase the property?
For example, I borrowed $200k from an HML, and this was all invested into the property, the interest was at 12% a year, can this interest be deducted?