Home Improvement Loan

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  • Bird Legs
    Senior Member
    • Jun 2005
    • 990

    #1

    Home Improvement Loan

    A client put in an underground swimming pool. Obtained a home improvement loan on
    it. Is the interest paid deductible as a home improvement?
    Am not thinking very good.
  • Matt Sova
    Senior Member
    • Jun 2005
    • 645

    #2
    Generally

    Yes. Mortgage interest secured by the home is deductible up to the limits.
    I would put a favorite quote in here, but it would get me banned from the board.

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