Furthermore, he also says I can no longer deduct my personal mortgage interest expense against my income.Tim Smith, as everyone has already chimed in, your accountant is quite right about the passive loss...it's gone due to your AGI.He MAY also be right about your mortgage interest.

My name is Austin Sherman, and although I joined quite some time ago, I've never posted.

I've seen some explanations of the 50% rule that doesn't quite make sense to me.

The bigger problem is the cost of compliance, which means successful Lonnie Dealers are going to have to adapt to a whole new kind of program which at least 60 that we know of have done, and done quite successfully.

., easy walking distance with a cooler and beach stuff) are all quite expensive. 

. :) But my Dad would always drag me along as a kid and so I learned quite a bit about home repair and upkeep.

We started to help family out due to inability to sell their homes in this market and we have added quite a few other clients by word of mouth.

I'm quite confident I can receive more considering the inquiries I received so far.Also, I'll start looking into a lawyer right away.

Also, in most states a deed in lieu is considered full payment of the outstanding debt, in Texas it must be stated, but in any state, it is always best to state on the Quit Claim Deed that...This deed is given for the full satisfaction of debt....

I am looking at a condo and the owners have smoked heavily in it for years.