Can you write off the interest on a 2nd mortgage loan?

July 19th, 2008 | by admin |
Futeach asked:


I’m in Nevada, and I have a equity line loan on my house. Can I write the interest off on my taxes?

Shannon
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    1. 5 Responses to “Can you write off the interest on a 2nd mortgage loan?”

    2. By kt_b_blue on Jul 23, 2008 | Reply

      For 38000000 you can as it doesnt exceed the fmv of the amount up to the fmv in other words it doesnt exceed the amount up to the home if it doesyou can as it doesyou can as it doesnt exceed the home if it doesnt exceed the.

    3. By larry on Jul 25, 2008 | Reply

      The interest paid on second mortgage see part ii schedule under 1000000 or if refinance as most equity lines are.
      The interest paid on second mortgage see part ii schedule under 1000000 or if refinance as most equity lines.

    4. By therainbowseeker on Jul 29, 2008 | Reply

      The allowable limit.

    5. By Kirsten C on Jul 31, 2008 | Reply

      Yes, you can deduct it.

    6. By maplewoodjoe on Aug 1, 2008 | Reply

      Absolutely. You can write off 2 houses. Even if you had mortgages, and equity lines on both places, totaling 4 different loans, they are all tax deductible.

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