Taxpayer has 1098 mortgage interest statement of $7500 on $175000 lot he purchased.
Plans to build home at some point in the future. Does this qualify as acquisition
indebtedness and thus for the mortgage interest decuction on sch A?
I would be thankful for any thoughts, Dixie in NC
Plans to build home at some point in the future. Does this qualify as acquisition
indebtedness and thus for the mortgage interest decuction on sch A?
I would be thankful for any thoughts, Dixie in NC
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