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Comprehensive tax changes - 2018

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    Comprehensive tax changes - 2018

    Anybody familiar with the new tax laws for deductions for a 2nd home? Boats.
    1999 Ciera 2655 5.7L BIII "Brenda Lou"
    1996 Skeeter 1850DV 175 Mariner 9.9 Mariner. sold, sold, sold
    1975 Lund 14' 25 HP Mercury. sold, sold, sold
    2008 Dodge Ram 2500 4x4 6.7L Turbo diesel Quad Cab
    Green Bay, WI on the Fox River
    South Bay Marina

    #2
    I don’t think that changed this time around, but I do think the limit changed, not sure.

    KEVIN SANDERS
    4788 LISAS WAY - SEWARD ALASKA
    where are we right now​​​​​​???​

    https://share.findmespot.com/shared/...j23OquWOj2N3Xe

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      #3
      My understanding is you are limited to a deduction of interest on $750,000 or less on a second home. The loan must be for the purchase of said house. If you refinance and spend it on something other than house improvements then the deduction is disallowed.
      Azzurra
      Seattle, WA
      Ocean Alexander 54

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