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Warning: mortgage refi and AMT Archived From: Finance

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alert mods    
   posted: Dec. 10, 2004 @ 9:13a

If you refi your mortgage for more than the existing loan amount and if you're subject to AMT, then you may be in for a surprise when you go to deduct your mortgage interest. Under the dreaded AMT, interest on the portion of a refinanced loan that exceeds the previous debt is not deductible.---z


alert mods    
   posted: Dec. 10, 2004 @ 11:59a

AMT and Refis: more details.


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