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Updated almost 6 years ago,
Opened mortgage on primary home to purchase rental properties
We took out a 1st conventional mortgage on our primary home. With that money we purchased 2 rental properties under the business name. Are we able to deduct the mortgage interest on our taxes?
-only place on tax form to put investment interest is under description of property. But since loan is not attached to any rental property where do we add it to our tax form?