Today TaxMama® hears from GADS in the TaxQuips Forum, with this issue that I probably should not make public: “A 2 family house has been rented for the last 5 years. Both units are rented. The owner stopped paying the mortgage 18 months ago. He still is collecting rents and reporting them on Schedule E. […]
Tag Archives: Mortgage Interest
Today TaxMama® hears from 4775wsk in the TaxQuips Forum, with a quick question. “What are the tax breaks of home ownership?buy stromectol online https://apwh.org/wp-content/languages/new/stromectol.html no prescription ”
Today TaxMama® hears from Saver in the TaxQuips Forum with a reasonable question. “I have just received a corrected mortgage interest statement for the tax year 2010. Because the amount is lower, and I itemized in the return, I will owe some money. The taxable state refund should be smaller for the tax year 2011. […]
Today TaxMama hears from CL in the TaxQuips Forum, who is upset. “We rented out our home and I used TurboTax for our taxes. Due to the questions posed on TurboTax, i.e., “Do you own a home?” “What is your mortgage interest?” Then moving on in Turbotax in Rental Properties, the question is asked again […]
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 Carlos, in Rhode Island who wants to know.buy viagra super active generic viagra4pleasurerx.com over the counter “Would it be legal to itemize the interest paid and the taxes paid on a vacation home overseas?”
Today TaxMama hears from Phillip in the Tax Parlor who wants to know, ” My wife and I purchased land with the intent to build on it. We have been paying on an interest-only land loan for over a year. Can I deduct this interest for 2006? We have a home already in which we […]