You'll need to sign in or create an account to connect with an expert.
To clarify, what type of a loan is this?
Home equity line of credit
what was the HELOC used for? There are rules for tracing the use of loan proceeds, the interest rate should have no effect if the interest is deductible as investment interest. all that matters is the amount paid.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
dewdew
Level 1
fineIlldoitmyself7
Level 1
Rhkjr
New Member
fldcdeb
Level 1
LCCarroll1
New Member