Tag Archives: Taxes

Why do my Taxes have to help bail out the mortage companies?

Question by ♥STREAKER♥©℗†: Why do my Taxes have to help bail out the mortage companies?Why do the american ppl’s taxes have to pay to help bail out mortage companies that make bad loans? It’s not fair to me, when I … Continue reading

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Is it normal for a mortage company to want to look at income taxes and work sheets?

Question by Venshore: Is it normal for a mortage company to want to look at income taxes and work sheets?The mortage broker asked for our federal tax work sheets and proof we paid taxes for 2010. Red flags are coming … Continue reading

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Q&A: Can you deduct interest paid on a regular personnal loan other than a mortage loan, on you taxes?

Question by Mam: Can you deduct interest paid on a regular personnal loan other than a mortage loan, on you taxes?Best answer: Answer by jeff410No, however you may be able to refinance that loan with a home equity loan and … Continue reading

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What are the calculations to show the tax benefit of mortage interest deductions for a rental-property buyer?

J Silva asked: I understand that if the owner lives in a four family house, 25% of the interest is shown as a deduction on Schedule A and 75% is shown as an expense on Schedule E. However, exactly how … Continue reading

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