Can The Interest/payment On A Home Equity Loan Be Deducted As Home Office Expense, The Same A Home Mortgage ?
I have been asked to set a home office for my employer’s benefit. I will work from home on daily basis. I know I can deduct a portion of my mortgage payment and utlilties from my taxes, but can I deducted my home equity loan payments? Should I consolidate both loans to get the total tax benefit?
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