Tax deductions are not the top priority for almost all individual real estate investors. They often work out of their home with no employees, other than those on-site at the property. Challenges which includes selecting what property to purchase, screening tenants, repairs, managing expenses, obtaining financing, and deciding when to sell. This articles addresses tax … [Read more...]
How much of the home equity loan interest is tax deductible?
To find out how much of your home equity loan is tax deductible, you must look the amount of money that you borrowed and the purpose for borrowing it. As with all other financial products, before you start counting the savings from using a home equity loan to finance any type of debt, you must take a complete look at your financial picture, IRS schedules and deductions rules, … [Read more...]