I know the tax bill is new, but there's a lot of people that probably use their homes to fund their business. One advantaged is that you can write off the home equity loan.
Has this been removed as a write off and if so, how would this change using a home equity loan as a way to fund a business?
Meaning, you can still take the costs as a business deduction, so was there ever any advantage to using a home equity loan for funding your business and being able to write it off your taxes?
Does it matter if you work at a regular job and have a business?
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