CALIFORNIA FAMILY LAW
...Income Tax Matters
......Community Property: Assets
.........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.