Yes, you get to deduct the interest paid on your taxes.

I guess we have a formula that we start deducting from resale value.So if there was a $350,000 list price on a house, is that what you would offer and then write in TBD by the lender?

So what you see as a fair market rent may not be the same.The lender will use that FMR and deduct that from amounts paid and any excess payments will be considered as the down payment.

Generally when debt is settled for less than its face amount, the difference is considered taxable income to the obligor.The rationale, as it applies in this case, is pretty easy to see---if Seller accepts the offer, you'll end up taking depreciation deductions on the property, and/or reducing any future sale gain, by 6K more than the total cash you actually paid for the property, when all's said and done.

IMO congress will always allow for their deductions and of course their contributors deductions.

If there are deductions due to cleaning or repairs, I have 60 days to return the remainders of the deposit.I've sent mail to the last forwarding address, tried forwarding through the post office, tried contacting everyone listed on her application, etc.

They require $50 min loan, 40% downpayment and 20% contingency. 6) What is the math to see if leverage makes sense in an IRA -- if you borrow it is taxed.7) For #6 are the accounting rules to get to taxable income the same as a non-IRA or are there special rules (need the CPA)8) Can I pay any expenses out of non-IRA money and deduct them on this year's taxes or must it be out of the IRA.

Some countries have done away with the income tax on dividends received but I would rather just see a corporate tax deduction for dividends paid because equity does have a cost and dividends are a cost of capital.

It didn't have an AC register in it so he wanted to deduct the square footage from the total I was using to price the house.

Vikram is right that there are deductions you might not be allowed depending on your status and the type of investing you do.