RV Loan Interest Deduction yes or no?
Hello all, I did some research and even read the actual text of the new tax law. Maybe I missed it but I have been unable to find a concise answer....So....Does anyone know if: 1. IS Second hom...
Forum Discussion
stickdog wrote:troubledwaters wrote:
It's really pretty simple: interest on a maximum of $750,000 of new acquisition debt. The old number was $1.1M of debt (which is grandfathered is that is where you are at now).
Source: TaxPolicyCenter.org
$1.1M just a little less than my lifetime earnings.
:(
$1.1M will buy a tiny old house in San Francisco.
In San Jose a nice older 3 bed 2 bath house is 800k.
A college degree in engineering can land you a first job that starts at $70K in Silicon Valley.
Welcome to California, Financing available.
