Lisa S
Level 1
05-10-2021
10:04 PM
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I have a client who would like to buy a new principal residence with IRA money in order to make an all cash offer. He would then immediately put a mortgage on the house and rollover the IRA money. If this mortgage is put on the house within 30 days of purchase, can it be considered as mortgage debt used to acquire the home and thus be deductible?
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