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Author: pmarti Big funky green star, 20000 posts Home Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121218  
Subject: Re: Interest on 2 homes Date: 11/7/2002 5:01 PM
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The part I need more clarity on is the where it says “…do not hold out for rent or resale…” Since I'm trying to sell the first home, does that mean I'm “holding it out for resale” and cannot, therefore, take the interest deduction on it?

No. That refers to a house that you hold for investment purposes. You'll be fine. The only reason I referred you to the pub was for the dollar limits.

Phil Marti
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