Archive for the 'United States' Category
Sunday 24 October 2010 @ 7:03 pm
vipul sharma asked:
I am a resident of california and I have a mortgage for a house in India. Can I deduct the interest of my Indian mortgage from taxes in US?
Super Foods
I am a resident of california and I have a mortgage for a house in India. Can I deduct the interest of my Indian mortgage from taxes in US?
Super Foods
Friday 1 October 2010 @ 9:23 pm
Yingping L asked:
I work in US, but my family is in Canada, and we bought house in Canada (no house in US). Wonder whether the mortgage interest paid in 2008 is tax deductible. Thanks.
Sorry, I forgot to mention the question is about the deduction in US income tax return.
Super Foods
I work in US, but my family is in Canada, and we bought house in Canada (no house in US). Wonder whether the mortgage interest paid in 2008 is tax deductible. Thanks.
Sorry, I forgot to mention the question is about the deduction in US income tax return.
Super Foods
Thursday 23 September 2010 @ 8:59 pm
empire asked:
Last year I moved and I’m paying an interest only mortgage. It was my understanding that I would receive more money on my return. I actually ended up receiving less than previous years. This year I did a preview with Turbotax and it shows that I’m getting back a substantial amount more. How can I check last years return to see if the mortgage interest was properly calculated on last year’s return?
Mar Vista Real Estate
Last year I moved and I’m paying an interest only mortgage. It was my understanding that I would receive more money on my return. I actually ended up receiving less than previous years. This year I did a preview with Turbotax and it shows that I’m getting back a substantial amount more. How can I check last years return to see if the mortgage interest was properly calculated on last year’s return?
Mar Vista Real Estate
Monday 6 September 2010 @ 7:49 pm
Ashutosh G asked:
I am planning to buy a house in the state of washington in year 2010. Since I don’t have mortgage, I take the standard deduction now and I am wondering if I can keep doing it next year and still deduct my mortgage interest payments.
Torrance Air Conditioning
I am planning to buy a house in the state of washington in year 2010. Since I don’t have mortgage, I take the standard deduction now and I am wondering if I can keep doing it next year and still deduct my mortgage interest payments.
Torrance Air Conditioning
Saturday 4 September 2010 @ 8:11 pm
NAT W asked:
I am in serious debt with the IRS. We owe every single year, as we have no dependants. I am now filing single zero, but fear I may never catch up from the 15K we already owe. What else can we itemize besides our student loan and mortgage intersts?
Vancouver Wa Real Estate
I am in serious debt with the IRS. We owe every single year, as we have no dependants. I am now filing single zero, but fear I may never catch up from the 15K we already owe. What else can we itemize besides our student loan and mortgage intersts?
Vancouver Wa Real Estate
Thursday 2 September 2010 @ 7:14 pm
beelea12 asked:
I forgot to file taxes in 2005. I have to turn in past 2 years tax returns for final mortgage approval. I filed the return right away, dropped it off at local office with check for balance. Will this hurt my chances of the mortgage going through? Bank had my W2s and tax returns will match up.
Body Thermage
I forgot to file taxes in 2005. I have to turn in past 2 years tax returns for final mortgage approval. I filed the return right away, dropped it off at local office with check for balance. Will this hurt my chances of the mortgage going through? Bank had my W2s and tax returns will match up.
Body Thermage
Sunday 22 August 2010 @ 1:33 pm
CeeEss asked:
I decided to set up office in my home rather than rent a space. I have a really small home <800 sq ' and use one of the 4 rooms as my office. Can I deduct part of my mortgage payment as business expense?
Santa Monica Dentists
I decided to set up office in my home rather than rent a space. I have a really small home <800 sq ' and use one of the 4 rooms as my office. Can I deduct part of my mortgage payment as business expense?
Santa Monica Dentists
Saturday 7 August 2010 @ 6:43 pm
Jessie M asked:
I decided to rent my place out that I was living in to someone in October, 2006. When I calculate the Mortgage Interest for the rental do I just calculate the interest paid during October through December of 2006 since those are the months I rented the property out?
West La Dentists
I decided to rent my place out that I was living in to someone in October, 2006. When I calculate the Mortgage Interest for the rental do I just calculate the interest paid during October through December of 2006 since those are the months I rented the property out?
West La Dentists
Monday 12 July 2010 @ 12:27 pm
stephanie b asked:
I have decided against itemizing because I get a better deduction with the standard deduction So….If I have to file a schedule B rather than a schedule A for my mortgage interest how can I do that. Im using tax slayer will they just convert it to what it needs to be?
I have decided against itemizing because I get a better deduction with the standard deduction So….If I have to file a schedule B rather than a schedule A for my mortgage interest how can I do that. Im using tax slayer will they just convert it to what it needs to be?
And the rebate checks, Do I have to do anything for that or just sit and wait?
Dillsburg Pa. Real Estate Real Estate
Saturday 10 July 2010 @ 1:06 am
Yamster Berry’s Buddy asked:
Can I declare the interest I paid on the mortgage before I refinanced, as well as the interest on my first mortgage and my second mortgage?
Elk Grove Real Estate
Can I declare the interest I paid on the mortgage before I refinanced, as well as the interest on my first mortgage and my second mortgage?
Elk Grove Real Estate
Saturday 19 June 2010 @ 11:14 am
lyricsborn808 asked:
I was legally separated in July, 2009 and my wife got the house. We made mortgage payments together up to our separation date (6 months). She made the mortgage payments for the remainder of the year. Can I claim half of the mortgage interest on my taxes?
I’m filing single.
Carboxytherapy
I was legally separated in July, 2009 and my wife got the house. We made mortgage payments together up to our separation date (6 months). She made the mortgage payments for the remainder of the year. Can I claim half of the mortgage interest on my taxes?
I’m filing single.
Carboxytherapy
