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kati45 [8]
2 years ago
12

Your client, beth, has a home in california with a first and second mortgage. she's looking for a vacation home and has asked if

she can deduct mortgage interest. what could you tell beth?
Business
1 answer:
slega [8]2 years ago
4 0

If my client Beth has a home in California with a first and second mortgage and is looking for a vacation home and asks if she can deduct mortgage interest, I would suggest obtaining a mortgage secured by the second home and deducting the interest from the loan.

Mortgage interest settled on a second home used personally is deductible as long as the mortgage fulfills the exact prerequisites for deductible interest as on your primary home, and if the second home is put on for rent, the loan taken for the second home will not have a limit for the deduction of interest payment.

Vacation Home with Second house mortgage

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Answer:

$80,160.

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3 years ago
If the demand for insulin is inelastic, an increase in insulin prices leads to
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6 0
3 years ago
What analysis feature of a decision support system (DSS) pinpoints the region that generated the highest total sales
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Answer:

exception reporting

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It should be noted that the analysis feature of a decision support system (DSS) pinpoints the region that generated the highest total sales is exception reporting.

6 0
2 years ago
Which of the following is excluded from calculations of GDP?
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2 years ago
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(C). Encourage team members to socialize online by sharing photos and videos. Reach out to people from cultures where proactively sharing ideas is not valued.

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