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Where would I deduct mortgage acquisition debt?
Thanks for your help!
Update:
Ok, where should I deduct the interest in this case then, thanks!
2 Answers
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- Anonymous10 years agoFavourite answer
No such thing. There is Home Acquisition Debt and interest is deductible on Schedule A if you itemize.
- Anonymous10 years ago
No where.
The interest is deductible. The principal payment is not.
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