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| Title: | Market Investing |
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| Moderator: | 2155::michaud |
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| Created: | Thu Jan 23 1992 |
| Last Modified: | Thu Jun 05 1997 |
| Last Successful Update: | Fri Jun 06 1997 |
| Number of topics: | 1060 |
| Total number of notes: | 10477 |
715.0. "No deduction of home mortgage interest after 30 years?" by CSOADM::ROTH (Do not taunt Happy Fun Ball.) Sun Apr 17 1994 23:50
Not strictly an investing question...
<<< PEAR::DKB100:[NOTES$LIBRARY]SOAPBOX.NOTE;1 >>>
-< SOAPBOX. Just SOAPBOX. >-
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Note 1383.47 Deficit reduction and you 47 of 47
CSOADM::ROTH "Do not taunt Happy Fun Ball." 11 lines 17-APR-1994 23:48
-< not a tax increase... just an elimination of a deduction >-
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Heard caller on one of those financial-advice type radio shows call in
and say that their tax advisor just told them about a 'new law' that was
passed as part of Clintons' 1993 tax bundle... the essence was that they
bought their home 27 years ago and had refinanced a few years ago and now
have a 2nd mortgage... and, that 30 years after their home purchase *they
would no longer be allowed to deduct interest on their home loan*!!
Anybody know anything about this 'after 30 yrs you cannot deduct
interest' deal? Or is it an 01-Apr-9x joke?
Lee
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