Phrases with «acquisition indebtedness»

"Acquisition indebtedness" refers to any money you borrow to purchase, build, or improve a property. It is a term commonly used in the context of mortgage loans, where the borrowed funds are specifically used for acquiring or improving a real estate asset. Full definition

acquisition indebtedness

Sentences with «acquisition indebtedness»

Taxpayers can deduct interest on mortgage debt up to $ 750,000 of acquisition indebtedness for a newly acquired principal or second home. (bbvacompass.com)
Under the new tax law, all mortgage interest on a loan under the $ 750,000 loan amount cap that is categorized as acquisition indebtedness — i.e. the funds were used to buy, build, or improve your home — remains tax deductible. (apexhomeloans.com)
On loans made on or after October 14, 1987, you can deduct mortgage interest paid on acquisition indebtedness up to a total of 1.0 million. (mortgage-x.com)
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Phrases with «acquisition indebtedness»

Sentences with «acquisition indebtedness»

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