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View Full Version : Home equity loan from rental invested in primary residence


Cricketer
Mar 15, 2009, 03:31 PM
Is it allowed to take of interest on home equity loan taken from rental property to pay off down payment on a primary residence?

What are the otherwise limits of home equity interest deduction?

ScottGem
Mar 15, 2009, 03:44 PM
Home Equity interest is deductible based on the amount, not what its used for.