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Title: Anna and Bob bought their home for 250,000 in 2001. Since moving in they have completed the ... Post by: Ajones7145 on Jan 28, 2018 Anna and Bob bought their home for 250,000 in 2001. Since moving in they have completed the following: Pool 25,000 Security System 6,000 Landscape 4,000 Drapes 15,000 Their 2001 loan was at 10 and interest rates are now at 7. Their home is now worth 400,000. Their lender will refinance 320,000 (80 of market value). How much can Anna and Bob refinance and still deduct all interest on their income tax?
Title: Anna and Bob bought their home for 250,000 in 2001. Since moving in they have completed the ... Post by: csaenz4 on Jan 28, 2018 250,000
25,000 6,000 4,000 15,000 300,000 - original cost plus improvements Title: Anna and Bob bought their home for 250,000 in 2001. Since moving in they have completed the ... Post by: Ajones7145 on Jan 28, 2018 Good timing, thanks!
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