Document Type
Article
Publication Date
4-29-2009
Abstract
On March 13, 2009, the Internal Revenue Service released Chief Counsel Advisory 200911007, concluding that unmarried co-owners of a residence were limited to mortgage interest deductions on $1 million of acquisition indebtedness. CCA 200911007 reasons that the $1 million limit should be applied per residence rather than per taxpayer. This article criticizes the IRS position.
Automated Citation
Patricia A. Cain,
Unmarried Couples and the Mortgage Interest Deduction
(2009),
Available at: https://digitalcommons.law.scu.edu/facpubs/631