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Updated over 6 years ago on . Most recent reply

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16
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0
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Amy Yarnall
  • Investor
  • Dover, DE
0
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16
Posts

HELOC no longer tax deductible?

Amy Yarnall
  • Investor
  • Dover, DE
Posted

Note: I haven't figured out to search the forums, and I have a feeling this is redundant. If so, please educate me? 

Now for the question: in the new tax law, effective Jan 1, 2018, I understand changes have gone into effect regarding the ability to deduct the interest of HELOCs. Is this accurate? How does it affect rental property? 

We have a HELOC on our first property which we used to make the down payment on our second property (we have two total)

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