<p>“dstark, why doesn’t your rich friend apply for an equity line loan secured by his house? Then he would be able to deduct a part of the interest expense in the event he borrows money?”</p>
<p>Sorry. </p>
<p>My friend had the $3 million credit line at a bank. He wasn’t using it. In order to continue the credit line, he was told he had to deposit $1 million in the bank.</p>
<p>Bye bye credit line.</p>