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Mortgage Deduction

Started by nyc166
over 14 years ago
Posts: 40
Member since: Aug 2011
Discussion about
I currently own a 1bedroom co-op and looking to move into a bigger apartment for our growing family. Many of the apartments in the building have been sitting in the market for over a year so I'm afraid I can't sell it fast unless I sell it way below what I would like to. We are thinking of renting the apartment out and rent a bigger apartment in the meantime. My question is if I can still deduct the mortgage interests from my personal income tax. Thanks.
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