Is home equity mortgage interest deductible for home office expenses?
Tags:credit cards, deductible expense, home equity loan, home office deduction, loan interest,
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The income was used to compensate off credit cards. we am still profitable upon the home equity loan. If we do the home bureau deduction, that we validate for in each way, can we make use of the home equity loan seductiveness as the deductible expense?
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Be careful with that, its not really worth to pursue it. You can get caught and then have problems with IRS.
The amount you talk about is so small, you shouldn’t bother really.
NOTE ‘Home office "deduction " ‘ is one of the best ways to have a visit with the IRS (aduit).
more often than not the ‘HOD’ is not worth what u save or loss.