Itemized deductions for qualified residence interest are an ongoing source of controversy between taxpayers and the IRS. Here, we review the rules and summarize several recent developments for deducting interest from acquisition and home equity debt for federal income tax purposes. Some of the latest Tax Court decisions might even surprise you.
The CBD Blog
Find peer advice, partner insights, and industry updates – all here in the CBD blog, ‘At The Helm’! With contributions from our entire team, we blog about the things that interest you.