Per the IRS, interest on home equity loans and lines of credit are deductible only if the borrowed funds are used to buy, build, or substantially improve the taxpayer’s home that secures the loan. The loan must be secured by the taxpayer’s main home or second home (qualified residence), and meet other requirements.
IRS Publication 936 (page 2)
@Tiberius37
[Edited 4/5/21 l 12:24PM PST]
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