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Updated over 6 years ago,

User Stats

2
Posts
1
Votes
Sean Singh
  • Real Estate Investor
  • Northville, MI
1
Votes |
2
Posts

HELOC interest deduction - agingt Investment Property - In 2018

Sean Singh
  • Real Estate Investor
  • Northville, MI
Posted

Dear all,

I have a rental unit which is 100% owned by me (no loan against it) and is worth 140 k. I want to know, if i get HELOC

against it and use those funds to buy another investment property - will the interest on HELOC will be tax deductible

under new tax law in 2018?

** Note: HELOC against investment property not primary residene **

Thanks

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