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  1. E

    How is the tax deductibility going to be apportioned?

    Thank you Paul. Already used some of the IP1 Loan 2 for IP1, I keep records for this so it's easy to apportion it. Will keep the tax issue on the used of proceeds in mind for next purchases.
  2. E

    How is the tax deductibility going to be apportioned?

    Hiya SS I have the following scenario IP1 - Joint ownership - Loan 1 loan for the property joint name, interest is deductible 50/50 - Loan 2 new loan of $13K joint name, currently 2/3rd used to pay IP2 renovation IP2 - my name only - Loan 1 loan for the property, joint name...
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