Tax Question for full timers
Have always heard MH's could be written off as a second home, but what if you are full timer and have no brick and mortar home? Is there any advantages? This is are first filling since owning.
Forum Discussion
it is just related to mortgage payments, writing off the interest. you'd need a lot of interest before you could itemize. over $12+ before you can even consider itemizing.
http://www.irs.gov/uac/Newsroom/Itemizing-vs-Standard-Deduction-Six-Tips-to-Help-You-Choose
if you are a fulltimer then consider a state where there is no income tax and become a resident of that state. i.e. South Dakota
http://www.irs.gov/uac/Newsroom/Itemizing-vs-Standard-Deduction-Six-Tips-to-Help-You-Choose
if you are a fulltimer then consider a state where there is no income tax and become a resident of that state. i.e. South Dakota
