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Level 4

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?

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Level 19

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

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