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To: Tenacious 1

Are you saying that under the new tax law, mortgage interest moves from being a Schedule A deduction to a deduction to gross income in determining adjusted gross income? I didn’t know that and assumed it was going remain in Schedule A.


26 posted on 01/03/2018 10:37:25 AM PST by CedarDave (Alt-left hates presidents pics on paper money. I'll gladly collect those offensive bills from them!)
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To: CedarDave

I am not qualified to give tax advice and do not know the answer to your question. I only know that in the past, I was able to deduct my mortgage interest from my taxable income. Renters do not get this luxury. I also pay property taxes. Renters do not.

I do not know what deduction went to or from what schedule. Sorry.


27 posted on 01/03/2018 11:04:35 AM PST by Tenacious 1 (You couldn't pay me enough to be famous for being rich or stupid!)
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