Deducting interest for investing funds from home refinance
Hi,
I am refinancing my house and will have access to say $100K (not in HELOC but cash). Could I invest these $100K and deduct the interest ($100K portion of my mortgage) from my taxable income? Basically I am trying to borrow money for investment and deducting interest.
I am refinancing my house and will have access to say $100K (not in HELOC but cash). Could I invest these $100K and deduct the interest ($100K portion of my mortgage) from my taxable income? Basically I am trying to borrow money for investment and deducting interest.