hgtc
Level 4
12-07-2019
12:28 AM
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client has this old equity loan of $100k since 2013. This equity loan was not for home improvement. For 2018 tax return, is loan interests paid to this equity loan still tax deductible?
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sjrcpa
Level 15
12-07-2019
12:28 AM
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4 Comments 4
sjrcpa
Level 15
12-07-2019
12:28 AM
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No
hgtc
Level 4
12-07-2019
12:28 AM
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thank you.
IRonMaN
Level 15
12-07-2019
12:28 AM
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I got a little confused in that lengthy answer, but after reading it 5 times, it finally sunk in.
Ukraine - hang in there
Ukraine - hang in there
sjrcpa
Level 15
12-07-2019
12:28 AM
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You're welcome