July 2018 Update

Archive for June 2018

The Confusion of Mortgage Interest Deductibility

When clients provide me with a mortgage interest statement, they assume that all of the mortgage interest will be tax-deductible. This assumption was somewhat true under the tax laws before 2018, but since 2018, it will be true only on occasion. To understand why, you must comprehend the definition of acquisition indebtedness.    Acquisition indebtedness is…

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