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Updated over 3 years ago,

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10
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0
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Laxman Molugu
  • Investor
  • Princeton, NJ
0
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10
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Rental/comm property, cash out loan's interest tax deductible?

Laxman Molugu
  • Investor
  • Princeton, NJ
Posted

I bought a property with all cash at closing, after few months, later after finding the tenant I went for a cash-out refi, and took 90% of my investment (as it appreciated value little bit). Can I show this new mortgage interest as expense? (property closed on LLC)

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