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And for dumbos like me, this translates to what I call the "purpose" test. Security for the loan doesnt matter re tax deductability, purpose of the borrowed funds does. This is an area where many get confused, so you arent alone. ta rolf

xcoll, hehehe, I guess you have already talked to your fiendly banker. Why not ? here are some reasons http://somersoft.com/forums/showpost.php?p=120656&postcount=6 Cross coll isnt some magic pixie dust way toCREATE equity, it can actually sterilise effective equity You can draw...