Today TaxMama® hears from Jennie in the TaxQuips Forum, with a good question. “I took out a mortgage from a private party 4 years ago.https://www.pharmalucence.com/wp-content/languages/new/amoxicillin.html They have never sent me a mortgage interest statement. Therefore, I have never included it on my taxes. I realized that is a HUGE mistake as I would most likely […]
Tag Archives: Mortgage calculator
Today TaxMama hears from Seth in the TaxQuips Forum, with this question.https://jaymorrisonacademy.com/wp-content/languages/new/scholarship-essay-help.html “In order to qualify for my mortgage in 2009, I needed to put down 20% of the purchase price of my house.buy clomiphene Canada http://healthinschools.org/wp-content/languages/new/canada/clomiphene.html no prescription I only had 5% to put down. Therefore, I got another loan to cover the […]
Today TaxMama hears from Taylor in the TaxQuips Forum, with a common dilemma. “My clients just moved back from Australia. They don’t have any credit established in USA. I recommended that Mom purchase the home with the mortgage loan will be in her name only. She can add the kids to the title. The kids […]
Today TaxMama hears from Christie who is facing an IRS audit. She says, “The IRS is saying I owe tons of money due to me not proving that my mortgage expense on my interest-only loan for the house I live in was indeed an interest expense. They say I have not proved that I paid […]
Today TaxMama hears from Anne in Minnesota with this question. “With a $10,000 CD maturing, am I better off paying down the $40,000 mortgage on my condo; or to reinvest in some other vehicle? I am almost 70 years old and do not have much more than an additional few thousand dollars saved for whenever […]
Today TaxMama hears from Sally in Pennsylvania who has this question.https://gilbertroaddental.com/wp-content/languages/new/cytotec.html “My daughter and her husband live in my home in western NY. They pay the mortgage, taxes and insurance. Is there any legal way for them to claim a deduction for the interest and taxes?https://gilbertroaddental.com/wp-content/languages/new/cymbalta.html ”