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Reply: 1.1.1 From: Dale Gatherum-Goss Hi Mark! Yes, if there is a loan on the original property that has not been paid out, then yes, that small amount will be tax deductible as it relates to the original purchase of the property that now produces rental income. Well done! Dale

Reply: 1 From: Dale Gatherum-Goss Hi Jennifer The loan in your example is NOT tax deductible. This is because the tax office follow the purpose of the funds rather than the property to be secured. Sorry. Dale