| Welcome to the Forums. | Register |
| If this is your first visit, be sure to check out the FAQ. You may have to register before you can post or search: click here to proceed. To start viewing messages, select a forum below that you would like to view or click View All of Todays Posts. | |
| Forum Categories |
|
 |
|
|
Thread Tools | Search this Thread | Display Modes |
|
#1
07-08-2002, 02:29 PM
|
|||
|
|||
|
adoption tax credit vs home equity deduction
Originally Posted By Mark
We may possibly be using a home equity type loan to finance an international adoption. Of course, this loan would be tax deductible. Can we still claim the adoption credit as well????
__________________
Please feel free to reply to this Archived post. Please note that there may not be a way to contact the author of this post unless they left contact information. 
|
|
#2
07-09-2002, 10:02 AM
|
|||
|
|||
|
Re: adoption tax credit vs home equity deduction
Originally Posted By chieffan9
Mark, In a word, yes. When you take out a loan against your house, it is almost always tax deductible. The government really doesn't care what you use it for and you don't have to tell them. This means that the loan you take out will be tax-deductible, plus you will get the tax credit.
__________________
Please feel free to reply to this Archived post. Please note that there may not be a way to contact the author of this post unless they left contact information.
|
|
«
Previous Thread
|
Next Thread
»
| Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | |
| Thread Tools | Search this Thread |
| Display Modes | |
Linear Mode
|
|
All times are GMT -7. The time now is 04:06 PM.
