Publication 936, Mortgage Interest Deduction. Introductory Material

Publication 936, Mortgage Interest Deduction. Introductory Material

Example 1.

You purchased your home that is main for175,000. You taken care of the true house or apartment with money you have through the purchase of the old house. You took away a home loan of $150,000 guaranteed by the primary house. You utilized the $150,000 to purchase shares. You can easily treat the home loan as removed to purchase your house before you took out the mortgage because you bought the home within 90 days. Continue reading “Publication 936, Mortgage Interest Deduction. Introductory Material”