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  • terryats
    replied
    find your answer here https://www.irs.gov/publications/p936

    Leave a comment:


  • liberty
    started a topic 2nd mortgage

    2nd mortgage

    A client still owe the bank 79000 principal. FMV of the home probably worth 250000. He wants to take out 2nd mortgage about 30000 against home to travel around. Is the second mortgage interest deductible?
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