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#421 "Tax and Legal Planning: Debunking FAQs and Misconceptions"

Main Street Business

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Can I Still Write Off the Interest on My Loan on My Primary Residence?

This comes up a lot. Clients that are using a home equity line to go start a business or to go buy a rental. The interest on both loans is fully deductible on the rental property LLC. Make sure you're writing off all these expenses, people related to your rentals.

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