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Financial Planning / Tax Strategies


Subject:  Re: AMT question Date:  2/12/2008  2:09 PM
Author:  Bob78164 Number:  98600 of 131364

ptheland writes (in part):

For AMT purposes, the interest on your home acquisition debt (up to $1 million) is deductible. That is any money used to buy, build, or substantially improve your home.

I reply:

This includes a refinance of the loan originally used to acquire the property, at least where no additional cash was taken out, right? --Bob
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