It doesn't matter what you spend that loan on. You can go out and borrow $100,000 against your home, spend it on anything, even a vacation - and you can deduct the full amount of interest you pay on that loan.
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This quote is just one of 7 total John Battaglia quotes in our collection. John Battaglia is known for saying 'It doesn't matter what you spend that loan on. You can go out and borrow $100,000 against your home, spend it on anything, even a vacation - and you can deduct the full amount of interest you pay on that loan.' as well as some of the following quotes.
They'll end up having to pay interest and penalties based on that income which they should have reported.
This quote is just one of 7 total John Battaglia quotes in our collection. John Battaglia is known for saying 'It doesn't matter what you spend that loan on. You can go out and borrow $100,000 against your home, spend it on anything, even a vacation - and you can deduct the full amount of interest you pay on that loan.' as well as some of the following quotes.