Quote:
Originally Posted by Geewiz
I think there is a question on the deductability... and I believe that many/most TV'ers deduct in the face of ambiguity. I bet if you asked the IRS - you might get differing answers (shocking!). Sometimes asking for forgiveness is better than asking for permission.
|
Problem is would not the IRS look extra careful on returns coming from V illages addresses? And if you make a mistake and underpay, you will be charged interest and penalty. Plus, they may go back many years.
Deducting Home Interest may go away anyway with tax reform.