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Myrtle Beach condo accommodations " the tourists" choiceTopic: Rental property
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No.The rules are different beewten your residence and rental property when it comes to mortgages and other home loans.With rental property, there is something called the Trace Rule . In order for the interest to be deductible, you have to be able to trace the usage of the funds to the rental property itself.Using a home loan, secured by the rental property, to pay down your mortgage on your residence makes the interest on this loan personal and non-deductible.
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