05-02-2005, 05:34 AM
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 Re: Rental 2nd loan deductibility "jcoggshall[at]comcast.net" <jcoggshall[at]comcast.net> wrote: - quote - > I did some searches but can not find a direct answer. If I
On the property acquired.> take out a secured second loan on my rental for $80k to > aquire another rental property, will that interest be > deductible on Schedule E of the secured rental or the actual > rental unit that the funds were used to aquire. I already > have a Home equity out on my primary home for 100K. -- David M. Woods, EA, ChFC, CLU Woods Financial Services Norwood, MA 02062 www.woods-financial.com << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
04-30-2005, 10:41 PM
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| Rental 2nd loan deductibility I did some searches but can not find a direct answer. If I take out a secured second loan on my rental for $80k to aquire another rental property, will that interest be deductible on Schedule E of the secured rental or the actual rental unit that the funds were used to aquire. I already have a Home equity out on my primary home for 100K. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| 2nd, deductibility, loan, rental |
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