Acquisition Indebtedness and Home Equity Indebtedness (Voss vs. Commissioner in the Tax Court)
Other Posts in this Series Part I: The Personal Mortgage Interest Deduction Part III: Acquisition Indebtedness and Home Equity Indebtedness (Voss vs. Commissioner in the Ninth Circuit) In Part I, we described the requirements for a mortgage interest deduction under IRC 163(h)(3). We noted that only the first $1.1 million...