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home equity loan rates Interest deduction on home equity loan used to buy a car (0 viewing) 
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TOPIC: home equity loan rates Interest deduction on home equity loan used to buy a car
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Raybo20 (Visitor)
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home equity loan rates Interest deduction on home equity loan used to buy a car  
I apologize if this is too elementary, but, I'd like to know what the restrictions or rules are in using a home equity loan to buy a vehicle and deducting the interest from my taxes.  Also, if there is another way to finance a car that would be more advantageous, I'd like to hear about that too. I am not a company or corporation, just a regular individual (i.e. I don't have a company to lease the vehicle to and then resell it to myself at lease-end). <<
 
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