回複：Can the interest of the cash out refi mortgage for a rental p

來源: monkeyboy 於 2012-12-01 17:20:04 [舊帖] [給我悄悄話] 本文已被閱讀：次

My understanding is there are 2 types of mortgage interest can be deducted.

1. debt used to buy, build, or improve your home.

Definitely deductable up to 1 milliion and is deductable when calculating AMT.

2. loan proceeds not used to buy, build, or improve your home

up to $100K, and not deductable wehn calculating AMT.

I believe your situation si #2.

IRS has a publication regading definition and qualification. You can find from IRS web site.

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