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Taxes & Divorce: Interest Considerations:

For interest to be deducible, a loan must be secured by the personal residence or other qualified residence. Otherwise, assuming the loan or note is connected to the divorce or settlement agreement, it will be personal interest. The Service states that a interest expenses for a second home will be considered qualified residence interest but you can have only one second home and one main home. Thus interest incurred on the family residence mortgage after the divorce should be deductible in most circumstances.

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What Happens to the Marital Home
Valuation of Businesses in Divorce Cases
Identification and Division of Dissipated Marital Assets
Identifying Unusual Types of Divisible Property
Division of Intellectual Property Interest Upon Divorce
Tracing Separate Property Through A Commingled Bank Account
Domestic Violence & Distributing Property Upon Divorce
Equitable Distribution of Stock Options
Equitable Distribution of Lottery Winnings
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The Property Division Handbook
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Divorce Tip: #72 Keep in mind that all the decisions you make during your divorce will not only affect you but also your child(ren). Sponsored by: Stop Your Divorce!


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