Yes, but deduct the house that the loan buys as an expense. | Hacker News

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		lupire on June 9, 2021 \| parent \| context \| favorite \| on: ProPublica's tax story Yes, but deduct the house that the loan buys as an expense.

imgabe on June 9, 2021 [–]

Then if you take a $500 million loan backed by your stock holdings to build a yacht, why not deduct the yacht as an expense?

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