No. of Recommendations: 2
Sorry I'm a little late to the party. Regarding home mortgage interest, I find it clearer to think of it as:

1. Acquisition debt
2. Equity debt

YMMV. As someone mentioned, all is revealed in Pub 936.

One thing that I don't think has been mentioned is that equity debt is not deductible under AMT.

Rule Your Retirement Home Fool
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