interest tracing rule

来源: 2022-09-28 09:26:40 [] [博客] [旧帖] [给我悄悄话] 本文已被阅读: 次 (956 bytes)
本文内容已被 [ 柠檬椰子汁 ] 在 2022-09-28 09:28:16 编辑过。如有问题,请报告版主或论坛管理删除.

Before you paid the new rental property, the interest of your home mortgage up to 750K is deductable in itemized deduction. 

After you paid the new rental property, only the interest for the amount for new rental property is deductible from the rental income. 

For example, you took out a 500K home equity loan at 6% a year.  That is approx. $30,000 a year in interest.  

Before you paid for the new rental property, the $30,000 can be deducted as itemized deduction.  Because it is more than the standard deuduction amount of 25900

Let's say you spend $400K to buy a new rental property.  Only the interest of that $400K (6% x 400K = 24000) is deductible against the rental income.   The interest of the remining $100K could be deducted from the itemized deduction, however it won't carry you over the standard deudction amount of 25900. 

所有跟帖: 

Confirm again -夏日晴好- 给 夏日晴好 发送悄悄话 夏日晴好 的个人群组 (979 bytes) () 09/28/2022 postreply 10:01:39

You have to elect the treatment -柠檬椰子汁- 给 柠檬椰子汁 发送悄悄话 柠檬椰子汁 的博客首页 柠檬椰子汁 的个人群组 (490 bytes) () 09/28/2022 postreply 11:13:20

thanks for the information, learned a lot. -夏日晴好- 给 夏日晴好 发送悄悄话 夏日晴好 的个人群组 (0 bytes) () 09/28/2022 postreply 14:52:56

加跟帖:

  • 笔名:      密码: 保持登录状态一个月,直到我退出登录。
  • 标题:
  • 内容(可选项): [所见即所得|预览模式] [HTML源代码] [如何上传图片] [怎样发视频] [如何贴音乐]
回到顶部