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Thanks a lot for this great content. I am wondering if I take heloc out and buy stocks. Will the heloc interest be tax deductible for my stock(i purchased with those heloc fund) capital gains? Thanks.
Thanks for watching! Yes, it would be deductible against capital gains and dividend income from the stocks.
@@sharonwinsmith thanks for your reply. how about for other stocks that I did not use heloc to purchase with. Will it be tax deductible as well?
Thanks a lot for this great content. I am wondering if I take heloc out and buy stocks. Will the heloc interest be tax deductible for my stock(i purchased with those heloc fund) capital gains? Thanks.
Thanks for watching! Yes, it would be deductible against capital gains and dividend income from the stocks.
@@sharonwinsmith thanks for your reply. how about for other stocks that I did not use heloc to purchase with. Will it be tax deductible as well?