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Irs rules on home equity line of credit? |
Irs rules on home equity line of credit? That's why whenever you apply for a home equity loan....they don't really tell you. They alway say consult your tax advisor. Technically it's not legal, but it's in a "gray" area of the law. I know of tons of people who have taken the interest off their taxes and haven't been challenged. I would not worry about it. I believe that the interest on a home equity loan is tax deductible. |
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