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How does the interest deduction work? I thought mortgage interest was the only interest people can write off their taxes.
by jdavis703 5y ago
How does the interest deduction work? I thought mortgage interest was the only interest people can write off their taxes.
- v7p1Qbt1im 5y agoI’m not really familiar with US tax laws tbh. But even if you can’t you would only ever need to liquidate equity to pay the interest. Only those payouts would count as income. Maybe an accountant can chime in.