The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/interest-deductibility-home-equity-loc-loans-19252609.aspx

Subject:  interest deductibility, home equity LOC & loans Date:  6/28/2003  2:09 AM
Author:  gthang Number:  66082 of 121095

Suppose that I obtain either a HELOC or HE loan. Also, assume that:

1. the amount of the LOC or debt doesn't exceed $100k and
2. the loan to value ratio doesn't exceed the value of my home

Can I really deduct the related deductions irrespective of my use for that money (e.g., vacation, car, investments)?
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us