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Level 1
December 7, 2019
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If you borrow against personal residence to purchase a rental can you allocate(deduct) the interest on schedule E?

  • December 7, 2019
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Best answer by sjrcpa

The interest tracing rules allow you to do that.

1 reply

sjrcpa
sjrcpaAnswer
Level 15
December 7, 2019

The interest tracing rules allow you to do that.

The more I know the more I don’t know.