Monday, November 18, 2013

Unrecorded mortgage from ‘Bank of Mom’ fails to qualify for interest deduction

One of the greatest tax benefits of homeownership is the home mortgage interest deduction, which permits homeowners to deduct the mortgage interest for a home loan or loans up to $1 million as an itemized deduction. You don’t have to ...

Unrecorded mortgage from ‘Bank of Mom’ fails to qualify for interest deduction

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