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Tax deductability of loan after in security substitution
Stop, private ruling time :D- D.T.
- Post #4
- Forum: Accounting and Tax
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Tax deductability of loan after in security substitution
I've seen similar before where on the new loans on the new home, they asked for a split to represent Loan B for an identical amount that Loan B was previously. The balance of everything else goes into the new Loan A. Then you can argue Loan B = Loan B, so purpose of those funds are still...- D.T.
- Post #2
- Forum: Accounting and Tax