<VV> taxes

[Marc Marcoulides]

Mortgage interest is deductable for the purchase or improvement of your home or 2nd home to the purchase cost of $1,000,000 interest paid even if home purchase or improvement above 1,000,000 is not deductable. A home equity loan not used to improve or purchase a home is not deductable.

-----Original Message-----
>From: Markpowhatan at aol.com
>Sent: Feb 22, 2009 7:55 AM
>To: virtualvairs at corvair.org
>Subject: <VV> taxes
>
>How about if you use a home equity loan to finance your auto interests  
>instead of say credit cards...wouldn't that be tax deductible??    Mark
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