Home Equity Loan to purchase Mobile Home - Claim Interest from HELOC

pgillianc · ‎February 23, 2025

In 2023 I took out a HELOC to purchase a mobile home. This is a second home that I don't live in, but purchased for my sister. May I claim the $10,000 paid in interest in 2024 on my income tax return.

Thank you - Pamela

KrisD15 · ‎February 23, 2025

No, the loan must be a lien on the property.

If you financed the mobile home, yes. If you took a HELOC on a different house and bought the mobile home, no.

IRS Pub 936

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View solution in original post

KrisD15 · ‎February 23, 2025

No, the loan must be a lien on the property.

If you financed the mobile home, yes. If you took a HELOC on a different house and bought the mobile home, no.

IRS Pub 936

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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Home Equity Loan to purchase Mobile Home - Claim Interest from HELOC