Tax Tips & Advice : How to Deduct Home Equity Loan Interest

To deduct home equity loan interest from a tax return, a 1098 form is required as well as a 1040. Understand all the requirements for deducting home equity loan interest from personal taxes safely and legally with tips from an experienced tax professional in this free video on taxes.

Expert: Danielle Loughran

Contact: www.accell-us.com

Bio: Danielle Loughran is a CPA with over nine years of public and private accounting experience at Arthur Anderson and Ernst & Young and is currently the...

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From: eHow

Related topics : interest home equity loan tax deductible

Convert Credit Card and Automobile Interest to Deductable Interest Through a Home Equity Loan

http://www.freetaxusa.com helps you file your taxes for free.

You can convert non-deductible interest expense such as interest on credit cards and automobile loans into deductible home mortgage interest. Then you can deduct this interest from a home equity loan or line of credit on Schedule A of your Form 1040. The interest on your home equity loan is deductible no matter how you used the loan money. One item to note is that if your home equity loan is over $100,000, the

deductible...

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From: FreeTaxUSA

Related topics : interest home equity loan tax deductible / equity loans

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Home Equity Loan -- Business Funding Tip

http://www.corporateservicecenter.com/

A home equity loan is a loan backed by the value of the equity in your home. If your home is paid for, it can be used to generate funds from the entire value of your home. If your home has an existing mortgage, it can provide funds on the difference between the value of the house and the unpaid mortgage amount. Some home equity loans are set up as a revolving credit line from which you can draw the amount needed at any time. The interest on a home equity...

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From: Corporate Service Center

Related topics : line of credit home equity loan / equity loan house / loans equity

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Home Equity Loan -- Business Funding Tip

http://www.nchinc.com/

A home equity loan is a loan backed by the value of the equity in your home. If your home is paid for, it can be used to generate funds from the entire value of your home. If your home has an existing mortgage, it can provide funds on the difference between the value of the house and the unpaid mortgage amount. Some home equity loans are set up as a revolving credit line from which you can draw the amount needed at any time. The interest on a home equity loan is tax...

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From: Nevada Corporate Headquarters

Related topics : line of credit home equity loan / equity loan house / loans equity

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eTax.com Form 1098 Mortgage Interest Statement

http://www.etax.com

At tax time, if you have a mortgage loan on your home you should

expect to receive a Form 1098 (Mortgage Interest Statement) from your lender. The Form 1098 reports the amount of interest you paid throughout the year. You are not required to file this form with your taxes, because a copy will automatically be sent to the IRS by the bank. You do need to ensure that the amount you claim in mortgage interest deduction on 1040 Schedule A matches what is stated on the Form...

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From: eTax.com

Related topics : interest home equity loan tax deductible / bank home loan

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Heloc Loans | Home Equity Line of Credit Info

Heloc Loans | Home Equity Line of Credit Info. http://heloc.loans

Get funds you need to pay off debts - Lender Hotline: (855) 997-2778

Are you someone who is need of immediate funds, such as paying off credit cards, college tuition, or home renovations?

A HELOC loan may be right for you.

HELOC stands for “Home Equity Line of Credit” or Home equity line. A HELOC is a revolving form of credit that uses your home as collateral.

If you’re a qualified it can provide you with A source...

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From: Mortgage Info

Related topics : line of credit home equity loan rates

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