?? re financing through Disney

[pstepka]

Is the interest tax deductible if you don't finance yourself from your home equity loan, but rather through Disney?

Pam

 

[disneycrazed139]

It is my understanding that the interest on the loan is deductible. However, there are certain criteria that need to be met. I would ask a tax advisor to be sure.

A portion of the dues can supposedly be deducted, as well. (real estate taxes portion)

 

[SAKPEG99OKW]

DW and I live in NJ. for the past 4 years we have deducted all the interest (financed thru disney) and part of the annual dues (tax portion) on our federal taxes. We use an accountant so I would assume he is right. There are rules allowing for deductibility, I would check with your tax advisor.

Scott