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IRS Permits $1.1M Mortgage Interest Deduction

In October 2010, the IRS issued Revenue Ruling 2010-25 and addressed the issue of whether mortgage indebtedness, in excess of $1,000,000, can constitute "home equity indebtedness" within the meaning of § 163(h)(3) of the Internal Revenue...

Published Tue, Nov 2 2010 12:59 PM by Marc J. Soss

Filed under: IRC § 163(h)(3), mortgage indebtedness, mortgage interest deduction, home equity indebtedness