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Gold/Mining/Energy : Day trading in Canada -- Ignore unavailable to you. Want to Upgrade?


To: Buckey who wrote (2885)4/21/1999 9:13:00 PM
From: Gulo  Read Replies (2) | Respond to of 4467
 
Re: Claiming mortgage interest:

Careful with this one. If you claim, say, 1/3 of your mortgage interest because you use 1/3 of you house for your 'business', then 1/3 of any capital gains you get from your house when you sell it become taxable. That portion of the proceeds loses the capital gains exemption for primary residences!

It would work well if you expect to sell your house without gains, though.