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Reply to "HELOC deductibility on investment property"
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[quote=Anonymous]In 2012 I used a HELOC on an investment property to purchase my primary residence. That debt of $90K was converted from a home equity line to a fixed loan in 2018. According to the new tax law, am I able to deduct the interest? If I were using it to improve the same property (the rental home), I know I can. But I used this toward purchasing another property.[/quote]
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