Qualified residential interest includes only interest on debt used to purchase a residence.

Name: Qualified residential interest includes only interest on debt used to purchase a residence.
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Qualified residential interest includes interest on debt used to purchase, build, or substantially improve a residence, as well as interest on debt secured by the residence (such as a home equity loan) used for other purposes, not just the purchase of a residence.

Qualified Residential Interest Includes Only Interest on Debt Used to Purchase