Exam term
Home mortgage interest
Interest, but not principal, on qualifying home debt. Borrowing to buy, build or substantially improve the secured home can be acquisition debt; a 'home equity loan' label does not decide tax treatment.
Exam term
Interest, but not principal, on qualifying home debt. Borrowing to buy, build or substantially improve the secured home can be acquisition debt; a 'home equity loan' label does not decide tax treatment.