2nd Mortgage or Home Equity Line of Credit

[Tom]

Does anyone know if these types of loans are tax deductible? If so are there
conditions?

Thanks
Tom

 

[Don Priebe]

Does anyone know if these types of loans are tax deductible? If so

are there conditions?

Yes, in general they are deductible. The main limitation is a $100,000 limit
if not used for home improvement purposes. See Pub 936 for the details.
http://www.irs.gov/pub/irs-pdf/p936.pdf

 

[Dale Eastman]

Does anyone know if these types of loans are tax deductible? If so are there
conditions?

Thanks
Tom

--
"You take the BLUE PILL, you wake up in your own bed,
and you BELIEVE WHAT YOU WANT TO.
You take the RED PILL, you stay in WONDERLAND,
and I'll show you HOW DEEP THE RABBIT HOLE GOES." - Morpheus

red pill:
http://www.861.info/ <--- "They" don't want you to look here.