Interest deductibility after the Tax Reform Act of 1986

This report briefly describes the limits placed by the Tax Reform Act of 1986 on the deductibility of interest by individuals. It includes the categories of business interest, consumer interest, home mortgage interest, investment interest, interest on activities subject to the passive loss limits, and interest on rental real estate in which the taxpayer actively participates.,Abstract -- Business Interest -- Consumer Interest. Phase-Out Timetable ; Interest on Borrowing Associated with Life Insurance Policies -- Home Mortgage Interest. Ministers and Military Personnel -- Investment Interest -- Interest on Activities Subject to the Passive Loss Rules -- Interest on Rental Real Estate Activities in Which the Taxpayer Actively Participates -- Related CRS Reports.,Nonna A. Noto, Specialist in Public Finance, Economics Division.,CRS 86-556 E,"December 9, 1986.",SuDoc# 14. 18/3