Are home equity loans tax deductable?

W00TZ0R asked:


Home equity

EVAN
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2 Responses to Are home equity loans tax deductable?

  1. Steve D says:

    VALENTIN

    Yes, the interest on an equity or HELOC is deductible as long as the loan is taken on a primary residence.

  2. raysor says:

    MASON

    I wouldn’t have thought so. On what basis?

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