Thread: Warning on tax credit if AMT affects you.
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Old 03-07-2008, 01:56 PM
econoline econoline is offline
Pretty Darn Active Enthusiast
  
Real Name: Don
Location: Ventura, CA
Hybrids: '07 AWD FEH
Posts: 284
Default Re: Warning on tax credit if AMT affects you.
Quote:
Originally Posted by 08FEH View Post
Another helpful hint was the fact that when we bought the FEH, they recommended using a heloc for the purchase, which would make the interest on the FEH loan both tax deductable and it would go towards the minimum deductions needed to itemize.
08FEH
"heloc" = home equity line of credit. (I had to look that one up)

Great idea!

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