Home › Forums › Financial Markets/Economics › Elimination of Mortgage Deduction › Should’ve posted this
Should’ve posted this earlier, but Fairmark (K. Thomas) posted just last week that the IRS recently went against a tax court ruling on something related to the HELOC deduction.
http://fairmark.com/2010/10/23/boost-in-deduction-for-large-mortgages/
I’ve also noticed other articles outside of folks getting 1.1 mil mortgages to write off now instead of the 1 mil acquisition…
Doesn’t sound like this is something the IRS will bother with if they just allowed this.
