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Updated over 4 years ago,

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Daniel Eliav
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Can I deduct Interest on HELOC secured by a rental property?

Daniel Eliav
Posted

I got a HELOC on a rental property. The property was not used for personal purposes in 2019. I used 100% of the money for home improvements on my primary residence. Can I deduct the interest paid on the HELOC from my W2 income? Similar to how one would do so for their primary residence? Seems like the answer is no, but I have seen some posts about $100k limits on something like this, but not sure what thats about. 

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