Tax Deductible for HE Loan/HELOC Int for Investment

來源: Slothehz002 2012-12-01 19:41:00 [] [博客] [舊帖] [給我悄悄話] 本文已被閱讀: 次 (1002 bytes)

Based on the description and clarification above, you are qualified for Home Equity Debt vs Home Acquisition Debt. Due to a certain limitiation described in the document with link: http://www.irs.gov/pub/irs-pdf/p936.pdf, the deductible interest amount is very limited especially when your equity is not built up siginificantly. The rest of interest will be considered as personal interest which is not deductibile.

If you want to get the Home Equity Debt Interest fully deductible, you must use the full amount in some investment. If the investment is some rental properties, you may get the Interested fully deducted as investment cost which offset your rental income. 

For each property listed in 1040 schedule E, you may add the interest amount proportionally to the original investment capitol for each property including purchase price, closing cost, and renovation cost if it's funded by the home equity fund on line "13 Other Interest".

Hope this helps.

所有跟帖: 

謝謝你的熱心幫助!good night! -小心翼翼的小地主- 給 小心翼翼的小地主 發送悄悄話 小心翼翼的小地主 的博客首頁 (0 bytes) () 12/01/2012 postreply 21:43:18

請您先登陸,再發跟帖!

發現Adblock插件

如要繼續瀏覽
請支持本站 請務必在本站關閉/移除任何Adblock

關閉Adblock後 請點擊

請參考如何關閉Adblock/Adblock plus

安裝Adblock plus用戶請點擊瀏覽器圖標
選擇“Disable on www.wenxuecity.com”

安裝Adblock用戶請點擊圖標
選擇“don't run on pages on this domain”