Qualified Residence Interest

Qualified residence interest is the most significant exception to the limitations imposed by ยง 163(h) of the Internal Revenue Code.

Read more about Qualified Residence Interest:  Interest Deduction Generally, Mechanics, Limitations

Famous quotes containing the words qualified, residence and/or interest:

    “Don’t give your opinions about Art and the Purpose of Life. They are of little interest and, anyway, you can’t express them. Don’t analyse yourself. Give the relevant facts and let your readers make their own judgments. Stick to your story. It is not the most important subject in history but it is one about which you are uniquely qualified to speak.”
    —Evelyn Waugh (1903–1966)

    “The death of William Tecumseh Sherman, which took place to-day at his residence in the city of New York at 1 o’clock and 50 minutes p.m., is an event that will bring sorrow to the heart of every patriotic citizen. No living American was so loved and venerated as he.”
    —Benjamin Harrison (1833–1901)

    “There is not a subject in which I take a deeper interest than I do in the development of Alaska, and I propose, if Congress will follow by recommendations, to do something in that territory that will make it move on.”
    —William Howard Taft (1857–1930)