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#5
06-10-2005, 01:34 AM
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 Re: PARTIAL TAX Deduction of Canadian Mortgage Setup ?? Thanks, Not a bad idea... but I plan on paying off the non-deductible portion first.... and then paying off the rest. "Cal Learner-- MVP" <via_newsgroup[at]please.tnx> wrote in message news:rgqha1h2avajn58jf3trahdp3ouoqafr2i[at]4ax.com... - quote - > In microsoft.public.money, Cal Learner-- MVP wrote: > > > Maybe create two mortgages paid semi-monthly that alternate > > payments??? > Make that bimonthly. |
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#4
06-10-2005, 01:18 AM
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| Re: PARTIAL TAX Deduction of Canadian Mortgage Setup ?? In microsoft.public.money, Cal Learner-- MVP wrote: - quote - > Maybe create two mortgages paid semi-monthly that alternate
Make that bimonthly.> payments??? |
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#3
06-10-2005, 01:15 AM
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| Re: PARTIAL TAX Deduction of Canadian Mortgage Setup ?? In microsoft.public.money, Chris Cowles wrote: - quote - > If it would even work, and I can't figure out how, the cleanup on that
Maybe create two mortgages paid semi-monthly that alternate> kludge would be far more painful than a simple annual calculation. payments??? |
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#2
06-10-2005, 01:10 AM
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| Re: PARTIAL TAX Deduction of Canadian Mortgage Setup ?? If it would even work, and I can't figure out how, the cleanup on that kludge would be far more painful than a simple annual calculation. -- Chris Cowles Gainesville, FL "Ken" <ketinson[at]hotmail.com> wrote in message news:edvqmWVbFHA.3240[at]TK2MSFTNGP12.phx.gbl... - quote - > I figured I'd have to do it manually..... > Hoping someone knows a work around though...... > Can I create 2 mortgage accounts, and merge the payments into one > calculated "bill payment" ? |
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#1
06-10-2005, 12:42 AM
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| Re: PARTIAL TAX Deduction of Canadian Mortgage Setup ?? I figured I'd have to do it manually..... Hoping someone knows a work around though...... Can I create 2 mortgage accounts, and merge the payments into one calculated "bill payment" ? Thanks. "Chris Cowles" <NoSpam[at]For.me> wrote in message news:%23jbtcPVbFHA.3524[at]tk2msftngp13.phx.gbl... - quote - > I'll guess your interpretation is correct. I doubt Money can split > proportions of interest. Just do an adjustment at the end of your tax year > to separate the deductible from the non-deductible. > -- > Chris Cowles > Gainesville, FL > "Ken" <ketinson[at]hotmail.com> wrote in message > news:%23hEj6WTbFHA.3912[at]TK2MSFTNGP15.phx.gbl... > > I'm currently setting up a mortgage account in Money, and only a portion > > of my mortgage is tax deductible... > > > Does anybody know how I can set this up in Money ? As far as I can tell, > > I can indicate if the mortgage is deductible, or not... but not PARTIALLY > > deductible. > > > Thanks in advance ! > |
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06-10-2005, 12:32 AM
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| Re: PARTIAL TAX Deduction of Canadian Mortgage Setup ?? I'll guess your interpretation is correct. I doubt Money can split proportions of interest. Just do an adjustment at the end of your tax year to separate the deductible from the non-deductible. -- Chris Cowles Gainesville, FL "Ken" <ketinson[at]hotmail.com> wrote in message news:%23hEj6WTbFHA.3912[at]TK2MSFTNGP15.phx.gbl... - quote - > I'm currently setting up a mortgage account in Money, and only a portion > of my mortgage is tax deductible... > Does anybody know how I can set this up in Money ? As far as I can tell, > I can indicate if the mortgage is deductible, or not... but not PARTIALLY > deductible. > Thanks in advance ! |
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#-1
06-09-2005, 08:53 PM
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| PARTIAL TAX Deduction of Canadian Mortgage Setup ?? I'm currently setting up a mortgage account in Money, and only a portion of my mortgage is tax deductible... Does anybody know how I can set this up in Money ? As far as I can tell, I can indicate if the mortgage is deductible, or not... but not PARTIALLY deductible. Thanks in advance ! |
| Tags |
| canadian, deduction, mortgage, partial, setup, tax |
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