qualified residence interest

qualified residence interest definition - business

qualified residence interest

Deductible interest paid on mortgage debt to acquire, construct, or improve a qualified residence. Interest on home equity loans is considered qualified residence interest.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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