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Updated about 4 years ago,
Refinancing Rental Investment Property Tax Question
I did a Home Equity Loan on my personal home to pay off my two Townhouse Rental Properties. I then setup an auto payment from my Townhouse checking to my personal checking to pay a portion of the refinanced loan on my personal house.
My question is, can I include the expense of paying myself as a cost for the rentals when determining profit for 2020 like a normal mortgage payment.
Thanks in advanced, new to the site.