Hi all,
I am wanting to transfer some $ from one LOC to another. Both LOC's are used for investment purposes only. Will I interfere with the deductiblity of the LOC's if I do this transfer? The reason I am wanting to transfer funds is to run my mortgage payments through a LOC which needs more funds in it.
Any thoughts appreciated.
Regards Jason.
I am wanting to transfer some $ from one LOC to another. Both LOC's are used for investment purposes only. Will I interfere with the deductiblity of the LOC's if I do this transfer? The reason I am wanting to transfer funds is to run my mortgage payments through a LOC which needs more funds in it.
Any thoughts appreciated.
Regards Jason.