Credit card interest for rental repairs
Varies
Can You Write Off Credit Card Interest for Rental Repairs?
Short answer: Yes: interest on a credit card balance from rental repairs or supplies is deductible on Schedule E.
Interest follows how the borrowed money is spent, not what secures the loan, so loan proceeds traced to the rental make the interest a rental expense.
Records to keep: Keep leases, receipts, a log of repairs vs improvements, mileage to the property, and closing statements.
Credit card interest for rental repairs
Varies
Real Estate / Landlords / Property Managers / Agents
Yes: interest on a credit card balance from rental repairs or supplies is deductible on Schedule E.
Business justification
Yes: interest on a credit card balance from rental repairs or supplies is deductible on Schedule E. Interest follows how the borrowed money is spent, not what secures the loan, so loan proceeds traced to the rental make the interest a rental expense.
Category
- Rental Property Write-Offs