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    #1

    I need confirmation

    Can somebody confirm what I think is correct? I posted a question about home mortgage, and I think that it is not deductible if not secured by the home even though the proceeds were used for the home. Am I right? Customer coming shortly and he assumed it would be deductible and I need something to show why not.
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    #2
    As far as I know...

    you're correct.

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      #3
      Check the Tax Book 4-11. Any debt not secured by the property is considered personal debt.

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        #4
        thanks for your input. Last day, brain isn't working as good as it should. Wants to leave the office asap. Still will be end of the day.

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