Rental HELOC Used To Improve Primary Residence
Hi,
I just received a HELOC on my rental property and was wondering if I used the loan to make improvements on my primary residence would it be tax deductible? I know since it was not an improvement on the rental, I cannot deduct the cost there, but can I deduct the interest as mortgage interest against my primary residence? Thanks. [ Edited by grmartin on Date 08/03/2005 ]
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