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Old 04-05-2007, 02:27 AM
Edmund Edmund is offline
Junior Member
 
Join Date: Mar 2007
Posts: 11
Is interest from credit card's deductible if funds used are for home improvement?

I borrowed funds from credit cards as a cash advance. Is the interest paid on these credit cards deductible if I used cash proceeds for home improvements?

In other words, can I deduct on my schedule A as interest expense?

Thanks...
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