CALIFORNIA FAMILY LAW
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Income Tax Matters
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Community Property: Assets
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Real Property/Family Residence
............Interest Deductions
4 Cards On This Topic:
Qualified residence interest is deductible.
Qualified housing interest is deductible for calculating alternative minimum tax.
Interest paid by H on indebtedness secured by and used to acquire W's interest in H's residence is properly deductible.
Interest on mortgage used to buy out other party's interest in residence is deductible.