Investing - Theory, News & General • borrow money and interest is tax deductible

Hi,

I would like to compile a list of options such that interest on borrowed money is tax deductible.

• deduct the mortgage interest you paid during the tax year on the first $750,000 of your mortgage debt for your primary home or a second home

• margin interest from your taxes by itemizing your deductions and subtracting margin interest costs from your net investment income.

• Mortgage interest is tax-deductible for the rental property

What options folks have used in practice which are tax deductible?

Statistics: Posted by babystep — Wed Feb 21, 2024 11:26 pm — Replies 2 — Views 259

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