Lodgen, Lacher, Golditch, Sardi, Saunders, & Howard LLP
  • Our founding partners have provided accounting services since 1965 to a diversity of clients.
Banner

Acquisition Indebtedness

This is the debt used to acquire, build, or substantially improve a taxpayer’s principal residence or a second home, and it is debt that is secured by the principal residence or second home. The interest on up to $1 million of acquisition indebtedness is deductible as an itemized deduction.
Related Articles:
Bookmark and Share PDF

Sign up for our newsletter and receive the latest tax updates and due date reminders.