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Q&A: Are interests from a loan to update a roof tax deductible?
Question by gtmds: Are interests from a loan to update a roof tax deductible?
I live in Florida-US and am updating the old roof of my home with a completely new one before the next hurricane season. I assume that this won’t be a tax deductible expense if I pay for it directly, but would I be able to deduct interests of a home equity loan used towards this renovation?
Best answer: