jk01
Returning Member

Tax deductions on HELOC taken out from a prior primary residence before 2017

A HELOC taken out on a prior primary residence before 2017 and used as down pay for the new primary residence, is the interest sill deductible under 2018 tax laws?

Anonymous
Not applicable

Home loans

is the debt secured by one or both homes.  yes = deductible subject to maximum amount allowed for home acquisition indebtedness.  no = not deductible