Mortgage interest deduction going away?

[Account Closed]

There are several tax deductions that greatly benefit investors. These are depreciation and the mortgage interest deduction. There is now some talk of eliminating the mortgage interest deduction. Probably nothing will come of it, but as the government looks for ways of funding programs deductions like this will come under greater scrutiny.

http://curiouscapitalist.blogs.time.com/2010/05/17/are-we-going-to-get-rid-of-the-mortgage-interest-deduction/?xid=rss-topstories

[Jon Klaus]

That would be a good way to put a .44 caliber hollow point round into to the head of of a housing market perched precariously close to the edge.