Many of our clients ask whether or not HELOC interest is still tax deductible under The Tax Cuts and Jobs Act. The answer is that it depends. In this episode, we discuss under what circumstances interest on home equity debt is tax deductible.
Note: In the episode, the host says that acquisition indebtedness only applies to a "primary residence", however it also applies to qualified secondary residences as well.
Link to our blog on this topic: www.therealestatecpa.com/who-said-you…g-explained/
To sign up for our Virtual Workshops visit: www.therealestatecpa.com/virtual-workshop/
Subscribe to our YouTube channel: www.youtube.com/c/therealestatecpa
Like us on Facebook