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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Jim McMannis who wrote (142013)8/20/2008 11:55:46 AM
From: MulhollandDriveRead Replies (3) | Respond to of 306849
 
i notice she didn't mention the capital gains exclusion provision....hmmmmm



To: Jim McMannis who wrote (142013)8/20/2008 1:21:55 PM
From: James HuttonRead Replies (2) | Respond to of 306849
 
I'm not sure how she's figured this out. The more I've made, the less my mortgage deduction is worth. Itemized deductions are phased out at higher income levels. More importantly, the AMT eliminates itemized deductions, so the more you make, the fewer deductions you get.