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Thank you very much. Real good answer.
Personal tax audit was triggered by my itemized deduction of mrtg interest over 90,000.
My stupid CPA claimed 3 personal properties, and my mortgage debt was over 1.1 Million. He did'nt know the limit on 2nd mortg amount of 100,000 for personal use besides home improvement of another 100,000. I used my 2nd mortg to buy investment property (200K). What do I Do?