HELOC interest deduction

[Michael Bertsch]

Can I deduct my HELOC interest on my schedule E? The HELOC is on my primary home and I have used the money for investment properties nothing personal. From what I understand, most people deduct it on their schedule A so they can bypass the passive loss rules. I will not be itemizing my schedule A because I will get more back with the standard deduction married filing jointly. I would like to deduct it on my schedule E so I will get a larger paper loss to go towards my W2. My w2 income is not over $150k so I should be able to take advantage of all my losses up to $25k. Also, can I use the home office deduction if I have a loss after depreciation and all other operating expenses? If so, does it go under other expenses on schedule E? You guys are awesome on here and I would appreciate any feedback! Thanks