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Acquisition Debt

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Acquisition Debt
Any debt one uses to buy, make improvements on, or build a residence for oneself. See also: Mortgage.

Acquisition Debt
Debt incurred to acquire, construct, or improve the taxpayer's principal or secondary residence.


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Remove the old debt refinanced = (65,000), replace it with the new acquisition debt shown in the sources and uses table = + 75,000; 4.
The aggregate amount treated as acquisition debt for any period shall not exceed $1 million or $500,000 in the case of a married individual filing a separate return.
The structure of the facility is subordinated acquisition debt for one year term, which can be extended on maturity for another 6 months on the same terms and conditions.
 
 
 
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