End Home Equity Write-Offs? Forget it

84989 Resource 78647 78558 78558 1108499749553 1108499749553 Controlled Lose Real Estate Deductions?

Washington is looking for tax dollars, and it may be targetting your home.

There is current talk in Washington of taking away the home interest deduction.  After all, the company is in deep - uh, well, you know - and they need every dime they can scrape together to offset ever increasing debt.  Real estate has always been a terrific investment for a number of reasons.  First, you can leverage nearly all the investment if you want to, and your loan can't be called (unless you default).  But even more important (for some) are the various tax deductions you can take on your gains.  But are these deductions sacrosanct?  My friend, Peter Miller, thinks so.  See what he has to say <a href="http://realtytimes.com/rtcpages/20050215_homeequity.htm">here.</a> If he's right, this fed thinking is just blowin' in the wind.  And we can all breathe easier. 9 application/xml false investment real estate tax deductions End Home Equity Write-Offs? Forget it Peter lays it out - why the deductions are good for you and for the country. http://realtytimes.com/rtcpages/20050215_homeequity.htm Mozilla/4.0 (compatible; MSIE 6.0; Windows NT 5.1) 66.198.200.154 66.198.200.154 kdeshaies false true false false true 205866 false false true false false false true 78647 blog blogsite/SnowHome/web