I think you would agree with what"Mortgage Interest and the Tracing Regulations After the Tax" by Donna M Byrne is saying. IRS doesn't care for loan products - ...
Thanks. Here is what I see.936 says that mortgage deduction is limited to 750K (or whatever is the acquisition debt) and you are supposed to calculate by using ...
Thanks a lot. so, you are saying that for a new mortgage used to buy a new home, 1.163T doesn't apply at all? Where in 587 is this stated? I am trying to unders...
@zomboo Perhaps what I am asking is not explicit - you are covering a scenario of refinance or HELOC where equity built in the home post acquisition is taped to...
@zomboo If ADU is leased, then it is a passive business activity. Copy paste of your observation from 1.163T"Personal debt is repaid first in the order. Home mo...
