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Strategies & Market Trends : Young and Older Folk Portfolio -- Ignore unavailable to you. Want to Upgrade?

To: cajman1 who wrote (21977)	11/5/2025 2:29:55 PM
From: Markbn	1 Recommendation Recommended By cajman1 Respond to of 23570

RE: NOTE: I have a short term life event that requires me to utilize my HELOC. Good Luck. Hope everything works out well for you.

To: cajman1 who wrote (21977)	11/5/2025 10:12:15 PM
From: Diddywahdiddy	Read Replies (1) \| Respond to of 23570

RE: HELOC To the Wise Sages, Regarding a HELOC, my wife and I have one with about $140K left in it at a reasonable interest rate. I've been pretty straight/narrow regarding use of the HELOC, cognizant of the interest alone being deductible. If anyone out there is a CPA and/or has experience with the 'brackets/rules' of using a HELOC on one's primary residence, would it cover, for example: 1. Roof repair and/or replacement. 2. Painting of exterior of home. 3. Repair of ceiling/carpet damage due to roof leak...with the cost being less than homeowner's deductible. 4. Driveway/Lawn Irrigation repair and/or replacement of sections of driveway/irrigation system. 5. HVAC repair/preventive maintenance, pest control service contracts. 6. Updating/planting/replacing home landscaping. 7. Home appliance repairs/replacements, e.g. washer/dryer, ice maker, dishwasher, updating sound system, lawn mower purchase & repairs... This just got my wheels turning as all of my farm expenses are deductible, our second house expenses are not deductible as we don't rent it out...so, primary homeowner expenses I need to look into how to legally make some of those within the realm of the HELOC. Best and Thanks in Advance, DWD