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After you file
*IF* all loans are secured by the home then it depends what money was used for in the "Home Equity Loan" and "Personal Family Loan".
If it was used to "substantially improve" your home, it is deductible. Interest for money taken for other purposes is limited to $100,000 of loan.
<a rel="nofollow" target="_blank" href="https://www.irs.gov/publications/p936#en_US_2016_publink1000230008">https://www.irs.gov/publications...>
If it was used to "substantially improve" your home, it is deductible. Interest for money taken for other purposes is limited to $100,000 of loan.
<a rel="nofollow" target="_blank" href="https://www.irs.gov/publications/p936#en_US_2016_publink1000230008">https://www.irs.gov/publications...>
‎June 3, 2019
11:53 AM