Subj : Re: Chinese Scientists Cr
To   : ROB MCCART
From : Mike Powell
Date : Mon Feb 24 2025 08:50:00

> I don't know if it's universal but I believe you guys can write off
> your mortgage payments (or interest?) against your income at tax time
> which saves you a lot of money.

We can write off interest *but* it is only really a benefit early on in your
mortgage, when the interest payments are higher.  In KY you can do that on
your state taxes, too.  It has not been of any benefit to me for several
years now as my mortgage is 10+ yrs old.

> Here our advantage is your *Principal* residence can be sold at a
> huge profit without any Capital Gains tax involved.

That *is* nice. ;)


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