Dec
14
if you have 2 interest only mortgage loans, can you do tax deductions on the both?
Filed Under United States | 7 Comments
Ekaterina K asked:
I am talking about the case when you got 80/20% mortgage loans with 0% downpayment. I know that the 80% one is fully deductable, but not sure if I can deduct taxes for the second one
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I am talking about the case when you got 80/20% mortgage loans with 0% downpayment. I know that the 80% one is fully deductable, but not sure if I can deduct taxes for the second one
Caffeinated Content
Sep
11
How do I find out if someone is using my name for mortgage loans that I know nothing about?
Filed Under United States | 7 Comments
Julio asked:
I was looking up my credit report online and for the questions to make sure I was me I was asked about mortgage loans in two different years that I know nothing about. I’m renting a apartment and haven’t took out any loans that I can think about
Create a video blog…instantly.
I was looking up my credit report online and for the questions to make sure I was me I was asked about mortgage loans in two different years that I know nothing about. I’m renting a apartment and haven’t took out any loans that I can think about
Create a video blog…instantly.
Nov
21
spence1209 asked:
My parents are selling their investment property to fund their retirement. However upon my calculations they are looking at a 45K hit in capital gains. I was going to suggest that upon selling they use a seller financed mortgage so that they will not be taxed on the full amount at once along with providing them a steady investment without any risk. Would this work?
What if they incoming payments were put directly into a Roth…would this still be taxable income? Is there any way to reduce this amount?
Caffeinated Content
My parents are selling their investment property to fund their retirement. However upon my calculations they are looking at a 45K hit in capital gains. I was going to suggest that upon selling they use a seller financed mortgage so that they will not be taxed on the full amount at once along with providing them a steady investment without any risk. Would this work?
What if they incoming payments were put directly into a Roth…would this still be taxable income? Is there any way to reduce this amount?
Caffeinated Content


