Deductible as Mortgage Interest on A

[Jiggers]

Taxpayer has rent house.

He took out equity loan to pay off some personal debt, approximately $70,000.

He received 1098.

Is this deductible as mortgage interest on his Schedule A?

[veritas]

Did you mean

he took out an equity loan on his rental house? If he did and he used it for personal debt there is no deduction on sch a.

[Jiggers]

Against rental house

he took out an equity loan on his rental house? If he did and he used it for personal debt there is no deduction on sch a.

Yep, that is what he did and that is what I thought!