I do this myself. Yes, it'll be okay but don't mix an investment loan and a personal loan in the same account. For example, if you borrow $5,000 for personal use and $10,000 in the same LOC, you've "tainted" the deduction and will lose it if audited. There also has to be an expectation of profit and the potential for income. To determine if there is potential for income, check the prospectus to see if it speaks to income like interest or dividends. If there is no reasonable chance that income may be paid in a year, you may have a problem. I deduct a few thousand dollars a year in interest. Feel free to ask specific questions by PM.
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