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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: benwood who wrote (79248)4/10/2000 12:36:00 PM
From: IceShark  Respond to of 132070
 
Ben, aggressive deduction of PMI as de facto interest expense has been around for decades. And unlike deducting business clothing (you have a separate suit for funerals and weddings -g-), you can at least argue it without breaking into laughter.

Play the audit lottery and you will probably get away with it.



To: benwood who wrote (79248)4/10/2000 2:24:00 PM
From: Skeeter Bug  Respond to of 132070
 
ben, some loans include a higher interest rate and don't charge pmi (interest is deductible). what a racket. my first loan had higher interest instead of pmi - it became a rental 3 months after i bought it and so it was a moot point (business expense).

thanks for the lead... i will follow it up...


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