[jyl]

Urrgh - don't give me a heart attack, Wayne.

No, "I think" under AMT you still deduct interest on a traditional home purchase mortgage.

"I think" AMT disallows deduction for home equity loan if used for other than home improvement (so people who have been using their homes to pay off credit card debt or fund lifestyle spending get screwed). Not sure about how second homes are treated. "I think" property taxes are no longer deductible.

I keep saying "I think" because, well, I'm learning about this as we go along.