Are you 100% sure that you will be able to deduct the interest?.....cash out refi 1 rental property which would be 350K(bank will cash out 70% of value), the interest rate is about 6.5% and I can deduct the interest since it is a rental
I don't know anything about business taxes but with a personal residence my recollection is that with a personal residence you can only deduct interest on $100K of a cash out refinance which is not used to improve the property.
Statistics: Posted by Watty — Sun Dec 22, 2024 12:44 pm