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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?

To: Colin Cody who wrote (1938)2/25/1999 11:52:00 PM
From: Daniel Liberty  Respond to of 5810
 
<Next time rather than borrow and pay non-deductible interest, take interest income bearing funds to buy your investment and the resulting decrease in interest income will lower your tax bill.
Nearly the same thing, but Congress lowers your taxes this way.>

Colin, Sorry but I do not understand this strategy. Are you referring to the purchasing of bonds and then using them as leverage?

(BTW I have limited experience with bonds)

Thanks again.

Dan



To: Colin Cody who wrote (1938)2/27/1999 5:32:00 PM
From: Jason Rooks  Read Replies (1) | Respond to of 5810
 
Colin,
I purchased a condo in 1998. Someone mentioned the ability to deduct certain closing costs in the year of closing. Any thoughts or citations to the IRC regulations would be appreciated. Obviously, I'd like to maximize the deductions.

Jason


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