Posts Tagged ‘deductible’

I own a home right now where I am still paying PMI. I also have a leasing property. I want to take a home equity loan on the leasing property to pay-off some of my mortgage so I will not have to pay PMI to my first home anymore. Will the appeal I pay on the home equity loan on my leasing property be tax deductible?

I bought an apartment in 2007 as a leasing property in a different disorder. The building is still being constructed and I have a loan on this property and am paying mortgage appeal. In 2008, I traveled to this location to choose on customizations on the property (carpets, kitchen, and windows). Is my travel cost deductible? I am deducting the mortgage appeal. Is this travel cost deductible? Which form should I file? Obviously, there is no leasing income on this property.