qualified principal residence indebtedness

(2) Qualified principal residence indebtedness For purposes of this section, the term “qualified principal residence indebtedness” means acquisition indebtedness (within the meaning of section 163(h)(3)(B), applied by substituting “$2,000,000 ($1,000,000” for “$1,000,000 ($500,000” in clause (ii) thereof) with respect to the principal residence of the taxpayer.

Source

26 USC § 108(h)(2)


Scoping language

For purposes of this section
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