Interest Deduction on a Second Mortgage
My second mortgage is $150k. I understand that one can only deduce the interest paid in first $100k. He is this correct one, and if it is thus he would be reasonable that as soon as one goes away of 1/3 of the interest, when doing the deduction (for the past year I only made payments of the interest)?
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By Tomk, February 13, 2009 @ 7:06 am
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