BocaBruce
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I guess I made the question very confusing even though the final answer may or may not be the samehere is the question in more understandable formQuestion Rephr...
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What I added to clarify was I would be taking out one year after purchase of condo a bank MORTGAGE of $150,000 to pay off the margin loan of $150,000 I used to ...
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The condo is my first home. Also, I am talking about the interest on the mortgage taken out one year after the purchase of the condo with part margin. Thanks
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What if you bought your condo with a margin loan and the got a mortgage about a year later - money used to pay off this margin loan?
Activity Feed for BocaBruce
- Posted Re: Mortgage interest on Mortgage taken out which paid off Margin Loan - deductible? on Deductions & credits. February 23, 2021 7:18 AM
- Posted Re: I have a substantial amount of margin interest that is secured by stock and its dividends. Th... on Investors & landlords. February 22, 2021 6:51 AM
- Posted Re: I have a substantial amount of margin interest that is secured by stock and its dividends. Th... on Investors & landlords. February 21, 2021 3:35 PM
- Posted Mortgage interest on Mortgage taken out which paid off Margin Loan - deductible? on Deductions & credits. February 21, 2021 2:13 PM
- Posted Re: No, it is not deductible as mortgage interest. Your loan... on Investors & landlords. February 21, 2021 1:50 PM
- Posted Mortgage Interest on Deductions & credits. February 21, 2021 1:01 PM