All Forum Posts by: Chet Pat

Hi, 

I know you can deduct your interest rate payment (on your mortgage) from your Gross income. I have a question about the cap - The limit on deduction is $1,000,000.00.  Does this mean that the maximum you can deduct in interest payment is $1,000,000.00 or is it the maximum qualifying loan is $1,000,000.00 that you can deduct interest from.

Thanks,

Chet (SUPER NEWBIE).

Hi All,

I have a similar situation - with a company that has been around for 8 months.  I have a few questions or thoughts -

If you get a personal guarantee with them (even if they have mediocre credit), would you still move forward?

Does anyone know how to look up LLC's owned or created by specific names? i.e. Search for "John Smith" and find out which LLC's they have created / are members of?

Thanks, 
Chet