Posted on: 06th Jan, 2010 02:59 pm
is the interst on a second mortgage deductable on federal income tax.
Yes but, I would consult an accountant for exact details.
which brings up a point - do not call the irs - you won't get through, apparently. they expect to actually pick up the phone on 70% of the calls that come in...so don't be one of the 30% - call your tax advisor instead, i guess.
