Archive for the 'United States' Category



How to deduct the Mortgage expenses on a Rental Property taxes?

Wednesday 26 May 2010 @ 10:03 pm
EveandK B asked:


I’m renting my house, which I pay the mortgage for. So I’m not sure how to deduct mortgage interest now. Any software I use there is a section for deducting your mortgage interest. But since I’m renting now I’m not sure if I should look at the mortgage interest as a job expense? Also since I’m renting now can I deduct the principal as well since I’m paying all that to keep my rental property?

Scarsdale Ny Real Estate



What precentage of mortgage interest is refunded in taxes

Tuesday 25 May 2010 @ 6:06 pm
TM W asked:


So Far this year I have paid over fifteen thousand dollars in interest on my mortgage. Is there a certain percentage that is refunded when I do my taxes? Also, are closing costs refundable too?

Fair Trade Coffee



Why doesent claiming mortgage interest add to my return?

Friday 21 May 2010 @ 8:00 am
Andrew K asked:


I am filling out both H&R blocks and Turbo Tax’s online taxes and I noticed that the return amount didnt go up with either one when I add the amount of mortgage interest I paid this year. Why is that? Also, why is HR blocks return higher with the same exact information?

Chula Vista Ca Real Estate



Why is my mortgage company not paying my tax bill when I have escrow?

Sunday 16 May 2010 @ 12:12 am
SJS asked:


My mortgage company (CITIMORTGAGE) is not paying my tax bill. The money is in escrow, the error has been spotted and documented in a case number by customer service.

I paid the bill myself, because it is over six months late and I risked being put on the TAX SALE foreclosure list.

Should I be worried that they are going out of business? Or is this a computer glitch?

Super Foods




Can landlords deduct mortgage payments or just the mortgage interest?

Saturday 17 April 2010 @ 11:01 pm
Doc Biz asked:


I have a rental unit on my property that is included with my mortgage. Can I claim that percentage of the mortgage as a deduction (based on square footage) or just the mortgage interest? (FYI: Yes I do have a tax professional but she is unavailable for a few days and I would just like to know for planning purposes). Thanks!!!

Vancouver Wa Real Estate



Can a mortgage company file a 1099 when you are in default without a summary jugement?

Sunday 11 April 2010 @ 8:39 am
mexlin asked:


We are residents of Texas and the property in foreclosure is in Delaware. Second mortgage holder is threatening to file a 1099.

Vancouver Wa Real Estate



If you have a mortgage, who is responsible for filing a Homestead and mortgage exemption?

Wednesday 7 April 2010 @ 2:27 pm
Alberto M asked:


The taxes in our area when up drastically. My friend asked me to review his tax bill and I noticed he did not have a Homestead or Mortgage exemption. He has a 30 year mortgage on the property and it is his only & primary residence. He’s had the mortgage for five years. Is there a way for him to recoupe some of those taxes because he didn’t have those exemptions. Is his mortgage company responsible?
What about the back money that is owed to him because the county was over charging because he did not have those exemptions for 5 years

Carboxytherapy, Stretch Marks Removal



What is the difference between mortgage tax and property tax?

Friday 26 March 2010 @ 2:31 pm
Tuan asked:


mortgage tax is the same as property tax but mortgage tax is pay to the bank because you borrow the mortgage loan?

Thank you.

Thermage Before and After




How can unmarried people report home mortgage interest paid jointly?

Sunday 21 March 2010 @ 7:24 pm
Thesmo asked:


I own a home in common with another person. We’re not married. We’re both named on the mortgage and we pay the mortgage out of a joint checking account, to which we both contribute and use for other various purposes. Can we split the mortgage interest deduction between us however we wish as long as we total up on our two returns to the total amount we jointly paid to the bank? Or must we use some kind of formula? How will the bank report this interest paid to the IRS?

cosmetic dentist san francisco



My Mortgage Insurance was financed with the home and does not appear on 1098, can I still deduct it?

Saturday 20 March 2010 @ 4:49 am
eva asked:


My Mortgage Insurance was financed with the home and does not appear on 1098, can I still deduct it? and if I can how?
The amount is over 2K and it is listed on my Settelment Statement. Mortgage is though Bank of America. I was planning to call IRS and my bank but they are closed on the weekends.

Organic Food



Tax help please ………?

Thursday 18 February 2010 @ 5:30 am
«?» Animal Lover «?» asked:


Agh…Heres what i have recieved in January,
Form 1099-G Tax year 2006 Report of State Inc. (163.00)

Form 1099-G Tax year 2007 Report of State inc. (97.00)

Form 1099G Certain Gov. Payments (EDD) 2008 Unemployed comp. (5,140.00)

Form W-2 wage and tax statement 2008 State wages 14,612.50 State income tax 207.66

Form 1099-INT 2008 Countrywide Home Loans: Interest income 10.37

Form 1098 2008 Countrywide Home Loans: Mortgage interest recieved from payer/borrower

Can i e-file all this for free? And if so,where? Ty. ;p
Also,i have a 45 year old female dependant that does not work.
Form 1098 2008 Countrywide Home Loans: Mortgage interest recieved from payer/borrower: 8,193.73
Does irs.gov charge for State??
No,they want to charge me for filing State.I need a total free e file please.

Body Thermage




Next Posts »» «« Previous Posts