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-   -   Home equity loan from rental invested in primary residence (https://www.askmehelpdesk.com/showthread.php?t=329613)

  • Mar 15, 2009, 03:31 PM
    Cricketer
    Home equity loan from rental invested in primary residence
    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?
  • Mar 15, 2009, 03:44 PM
    ScottGem

    Home Equity interest is deductible based on the amount, not what its used for.

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