LSTAX
Level 4

I believe that is exactly what happened.  So not deductible on either schedule A or E.

I'll bet he deducted the entire HELOC $125,000 on schedule A (was primary residence in 2016) when he took out the money.  Plus wouldn't only $100,000 of the HELOC have been deductible in 2016 pre-TCJA? 

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