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Discussion Starter #1
I am planning to buy a new condo for investement, the closing date is about 2 years from now. I used my HELOC to pay the condo down payment, the HELOC is for my primary residence.
My question is that can I claim the loan intreset in my tax return, although the condo is not rented yet (it is still under construction), and it is not generating iany ncome yet.

Thanks for your reply.
 
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