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Is the interest on a mortgage line of credit allowed as a deductible?

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Yes, if you paid interest on a home equity line of credit, it can be deducted as mortgage interest. There may be limitations on the deduction depending on how you used the funds that you borrowed with this line of credit.

See page 10 of IRS Publication 936, under Home Equity Debt.

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Just found out that I was supposed to file a RUT 25 in 2020 for the purchase of my mobile home. I will pay the tax owed now, do I need to amend my return for that year?

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Is the interest on a mortgage line of credit allowed as a deductible?

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Is the interest on a mortgage line of credit allowed as a deductible?

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