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How to prove HELOC was used for home repairs?
How to prove HELOC was used for home repairs? Hi Everyone, We're in the process of purchasing our first home, we need to get some repairs on this home before moving in. I was reading online that if I take a HELOC on the home and if the amount is used on home repairs/improvements then the interest on the HELOC is tax deductible and we need to prove that the money was used on home repairs. My...
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