03-21-2005, 03:48 AM
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 Re: Is morgage interest as cost bast for investment home ? "dyu9999[at]gmail.com" <dyu9999[at]gmail.com> wrote: - quote - > I had an investment home sold last year, I was wondering if
An election needs to be made to capitalize the interest.> the morgage interest I paied over the months can be treated > as the cost of investment and added to the base? or I have > to deduct it in Schedule A ? -- David M. Woods, EA, ChFC, CLU Woods Financial Services Norwood, MA 02062 www.woods-financial.com << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
03-17-2005, 04:54 AM
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| Is morgage interest as cost bast for investment home ? I had an investment home sold last year, I was wondering if the morgage interest I paied over the months can be treated as the cost of investment and added to the base? or I have to deduct it in Schedule A ? Thanks Dave << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| bast, cost, home, interest, investment, morgage |
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