All Topics / Legal & Accounting / Capital Loss and Interest on Equity Loan

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  • Profile photo of JJ10JJ10
    Join Date: 2011
    Post Count: 16

    I build IP in Roma for $420K and currently it looks like the price of the house would be around $360-380K if I would sell that. I purchased this IP using equity from my home loan. If I would sell this house with capital loss around $60-70K which is my equity loan for investment purpose. I know that capital losses would be carry forward to offset future capital gain but can I claim the interest of the equity as it was for the investment purpose?

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