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Thanks for the insights on the interest deduction and possible complications on the type of ownership arranagements. I am hoping to arrange a home equity loan on Mother's house, (rather than a refi or 2nd mortgage on my primary house) since that option has the lowest interest rate and the cheapest closing costs.

I have been looking in the IRS publications on-line and have yet to find info on the "imputed income" issue. Does anyone have any leads on where to find this? Thanks.

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