Ann wants to take out a home equity loan to purchase a second home. Her mortgage debt

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Ann wants to take out a home equity loan to purchase a second home. Her mortgage debt load will be $400,000 for the first home and $250,000 for the second home ($650,000 total). On what amount may she deduct interest?

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Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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Posted Date: Mar 06, 2024 08:47 PM

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Ann wants to take out a home equity loan to purchase a second home. Her mortgage debt

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Expert Answer:

Ann may be able to deduct interest on up to 750000 of mortgage debt 375000 ... View the full answer

Personal Finance

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