After reading IRS pub 936, the instructions for the form 6251 and some INTERPRETATIONS
of other websites I wish to pose a question. For a typical home mortgage interest or other
interest paid statement for funds borrowed to purchase a motor home, travel trailer, boat
with living quarters, etc. is the interest paid deductible on schedule A or is it an ADDBACK
on line of AMT form 6251 or both. What I read suggested that this is NOT deductible on
schedule A because it is considered to be for TRANSEINT use. Comments?
of other websites I wish to pose a question. For a typical home mortgage interest or other
interest paid statement for funds borrowed to purchase a motor home, travel trailer, boat
with living quarters, etc. is the interest paid deductible on schedule A or is it an ADDBACK
on line of AMT form 6251 or both. What I read suggested that this is NOT deductible on
schedule A because it is considered to be for TRANSEINT use. Comments?
Comment