abctax55
Level 15
12-07-2019
07:14 AM
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I have a client who installs high end Dolby "systems" in multi-million dollar homes. Meaning very "substantial" in total dollars; maybe not as a percentage of FMV of home.
I can't say I've run across using a HELOC to pay for it & deducting the interest; but the whole idea feels wrong (which is a great technical position to take when preparing a return
I can't say I've run across using a HELOC to pay for it & deducting the interest; but the whole idea feels wrong (which is a great technical position to take when preparing a return
"*******Tax software is no substitute for a professional tax preparer*******
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