kwispy
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Hi all,Thank you for the responses. My question is focused specifically on the adjusted cost basis of the home; I don't have questions about the personal deduct...
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Thank you for your response. Rereading their website, it looks like they specifically do not call it a loan. It is considered an assistance program requiring sp...
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So to summarize, the answer to (1) is yes, and the answer to (2) is "yes and requires an irrevocable election to be made". Is that right?Secondly, do you have a...
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In IRS Pub. 527 (2020; Residential Rental Property) under Expenses paid to obtain a mortgage, it states:Certain expenses you pay to obtain a mortgage on your re...
Activity Feed for kwispy
- Posted Re: Adjusted cost basis for an inherited primary residence with a lien on Deductions & credits. November 30, 2023 10:59 AM
- Posted Re: Adjusted cost basis for an inherited primary residence with a lien on Deductions & credits. November 29, 2023 5:06 PM
- Posted Adjusted cost basis for an inherited primary residence with a lien on Deductions & credits. November 29, 2023 2:01 PM
- Cheered Re: Interest deduction on home equity loan/HELOC against rental property to buy 2 other rentals for Mike9241. December 7, 2022 2:57 PM
- Cheered Re: Interest deduction on home equity loan/HELOC against rental property to buy 2 other rentals for NCperson. December 7, 2022 2:57 PM
- Posted Re: Interest deduction on home equity loan/HELOC against rental property to buy 2 other rentals on Investors & landlords. December 7, 2022 2:24 PM
- Posted Re: Interest deduction on home equity loan/HELOC against rental property to buy 2 other rentals on Investors & landlords. December 7, 2022 2:00 PM
- Posted Interest deduction on home equity loan/HELOC against rental property to buy 2 other rentals on Investors & landlords. December 7, 2022 1:08 AM