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Updated over 4 years ago,
Home Cash out Refinance for Rental Investment tax deductible?
Taking advantage of super low primary residential mortgage rates.
Will refinance my primary house and plan to cash out enough to pay off an investment property's mortgage balance.
Will deposit the cash out check and pay off the investment property's mortgage within 30 days. Will keep all banking records.
Will the cash out portion's interest of my refinancing still be tax deductible under Schedule E of my tax return?