RealEstateJournal | Investment Interest Deduction Remains Alive and Well
http://www.realestatejournal.com/buysell/taxesandinsurance/20060223-openshaw.html?rejcontent=mail
By Jennifer Openshaw From Marketwatch
Since 2000, Congress and the Bush administration have moved mountains to create more tax breaks for investors. Most people are aware of new lower tax rates on long-term capital gains and qualified dividends. But buried on Line 13 of Schedule A is a mystery deduction called investment interest. It's easier to use than you think.
A deduction for interest? You know that most mortgage interest is deductible. But you probably thought everything else like interest on credit cards, car financing and other personal loans went away in 1986.
But there is a survivor. Not only did Congress leave the investment interest deduction in place, it recently made it bigger and better. "
By Jennifer Openshaw From Marketwatch
Since 2000, Congress and the Bush administration have moved mountains to create more tax breaks for investors. Most people are aware of new lower tax rates on long-term capital gains and qualified dividends. But buried on Line 13 of Schedule A is a mystery deduction called investment interest. It's easier to use than you think.
A deduction for interest? You know that most mortgage interest is deductible. But you probably thought everything else like interest on credit cards, car financing and other personal loans went away in 1986.
But there is a survivor. Not only did Congress leave the investment interest deduction in place, it recently made it bigger and better. "
posted by Patrick Leblanc at 12:09 PM
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