Peter, Will you please comment on the above? Shoot. I was trying to stay out of that one. I didn't know the answer off the top of my head and I'd have to do some reading to find the answer. Which I have now done.I've now heard that if a loan is placed on a home purchase within a certain time frame of that purchase, then the $100k loan / mortgage interest deduction has been increased?Others have already commented, and I agree with them.It's not that the $100k home equity indebtedness limit was increased. It hasn't. Instead, you have a window of time to acquire both a loan and the home. Debt may be treated as incurred to acquire the residence to the extent of expenditures to acquire the residence made within 90 days before or after the date that the debt is incurred.--Peter
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