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  • Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856
    November 26, 2012 - 1:18 am

    By redrawing Emerald you may be contaminating the loan with non-deductible debt.

    Profile photo of DEVILZDEVILZ
    Participant
    @devilz
    Join Date: 2012
    Post Count: 33
    November 27, 2012 - 11:20 am

    Ok mistake was made before. Early November.

    I withdrew $9.5K from Emerald home loan and put it on Offset account. Is it to late to put it back?

    or just keep it at offset and claim only ~ 95% in tax deduction vs 100% ? ( Debt 185 K atm)

    Thanks

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