About narayananvm

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Re: Deducting TY2021's Disallowed Investment Interest Expense in TY2...

Ok thanks for the response. Why would these disallowed investment interest expenses carry over like capital loses? The IRS mentions “carry’s over to future year...

narayananvm

Updated Apr 16, 2024
Solved Re: Mortgage Interest deduction for loan over 750K

Thanks@RobertB4444.I figured out reading the IRS instructions page that it suggests multiple methods to calculate the average mortgage balance over the year. Ta...

narayananvm

Updated Apr 15, 2024
Solved Re: Mortgage Interest deduction for loan over 750K

@Anonymous_I figured out that TurboTax takes the average between the outstanding loan amount from the start of the tax year and the amount as of the start of th...

narayananvm

2

Updated Apr 15, 2024
Solved Re: Can I deduct or amortize Mortgage Origination Fee paid in TY2022...

Thank you. TurboTax help topics also explained it clearly. I have amortized it, unfortunately it will be a slow grinding $44 over 30 years!

narayananvm

Updated Apr 14, 2024
Re: Can I include Roof replacement done by Seller part of rental pro...

@RobertB4444Thank you for the clarification. Yes, I did mention about investment income tax. This is great overall, then!

narayananvm

Updated Apr 19, 2023

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Date Registered	‎March 20, 2020 10:06 PM
Date Last Visited	‎April 16, 2024 10:28 PM
Total Messages Posted	24

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