02-04-2004, 04:11 AM
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 Re: Refinanced to purchase secon home and effect on AMT George wrote: - quote - > We refinanced our main home to help purchase a second home
No.> (vacation, not rental). Turbo Tax asked if the excess > amount of the refinance went back into the "home". Since the > second home is deductable and not investment can I say yes? << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
02-02-2004, 12:25 AM
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| Refinanced to purchase secon home and effect on AMT We refinanced our main home to help purchase a second home (vacation, not rental). Turbo Tax asked if the excess amount of the refinance went back into the "home". Since the second home is deductable and not investment can I say yes? Does it really matter? How does this effect AMT either way? Thanks << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| amt, effect, home, purchase, refinanced, secon |
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