RomeoZwo
2020-04-01 17:26:11
- #1
And where exactly is the difference whether I reduce the equity share before the purchase of the investment or at a later refinancing? According to your argument, all owners of a mortgaged investment property should not have any additional assets. What matters is only that the profit generation is maintained. Otherwise, it is hobby activity and not deductible.If I mortgage a rental property to buy my own house, can I then deduct the interest? Replace house with car, watch, vacation, etc. That clearly shows why it doesn’t work that way.