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re: HELOC Loan Tax Question
Posted on 7/21/16 at 7:33 pm to CRope28
Posted on 7/21/16 at 7:33 pm to CRope28
quote:
To get my heloc loan, I wasn't asked for what I was doing with the money.
So I take it this means I can deduct the interest?
You could use a heloc to buy a car, a HELOC is simply a loan using your house as collateral. If you are talking about using it for an addition or repair on your house then yes it is deductible.
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