https://blog.fiducial.com/wp-content/uploads/2019/06/looking-to-invest_03.jpg 200 448 fiducial https://blog.fiducial.com/wp-content/uploads/2019/06/logo-2.png fiducial2015-02-22 21:18:092019-06-24 21:19:12ACQUISITION INDEBTEDNESS
This is the debt used to acquire, build, or substantially improve a taxpayer’s principal residence or a second home, and it is debt that is secured by the principal residence or second home. The interest on up to $1 million of acquisition indebtedness is deductible as an itemized deduction.
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