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Tag Archives: deduction
Can I give a loan to my LLC for a tax deduction?
Question by Charlene S: Can I give a loan to my LLC for a tax deduction? I purchased income property and put it in a LLC. Instead of getting a mortgage for the income property, I refinanced my house, took … Continue reading
Q&A: Can I use interest from Cash Out Refinance on tax deduction?
by J. Stephen Conn Question by Leo L: Can I use interest from Cash Out Refinance on tax deduction? I have mortgage amount in $ 50,000, and credit card debt in $ 30,000. I am planning to do cash out … Continue reading
Is it better to refinance a mortgage for a tax deduction or continue with my 15 year mortgage?
by Madison Guy Question by Cajun: Is it better to refinance a mortgage for a tax deduction or continue with my 15 year mortgage? I have 10 1/2 years left on a 15. Single, retired and no dependents.Pension(60,000) Does it … Continue reading