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...
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...
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...
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...
