I'm still convinced these people are crazy.
Years ago, pre-2008 in fact, I posted something that lighted a firestorm of indignation - I questioned the sanity of people who buy new RVs and amortize the purchase over 20-25 years. I had been to an...
Forum Discussion
fj12ryder wrote:
Property taxes and interest are only deductible if you qualify to itemize deductions on your income tax. If you can't come up with enough deductions, you're out of luck. You could end up with the same standard deduction as the renter.
And don't forget that those are just deductions not credits, so you really only get to deduct a small percentage of those taxes and interest off what you owe to Uncle Sam.
yep. On our house we bought in 1997 we don't pay enough interest or property taxes even adding in our TT to itemize and haven't in several years. But we do love our low house payment for not upgrading houses.
