Changing the mortgage PRINCIPAL balance (not the interest paid) changes the tax owed - WHY?? in Deductions & credits
I have mortgage and HELOC thru 2 different banks. Using the 1098 form from the HELOC bank, Box 2 Outstanding mortgage principal is blank. What do I enter in the tax form? in Deductions & credits
I purchased a co-op unit that I rent out. Is the portion of the co-op monthly maintenance charge that goes to mortgage principal considered an expense for Schedule E? in Investors & landlords