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Business & farm
You have to pay taxes on the principal part of a mortgage?
Of course! Everyone pays taxes on the principle part - but not the interest part. Don't see why that's news to anybody. To the best of my knowledge, the principle part of a mortgage payment has never been deductible. If it was, then that principle would be included on the 1098.
‎July 10, 2021
11:20 AM