Take your own advice Wrote:
-------------------------------------------------------
> Actual JP Morgenthau Wrote:
> --------------------------------------------------
> -----
> > Take a tax class, Linus. You of course do not
> > make enough money to have a tax advisor of your
> > own, so a class of some sort might be the next
> > best thing in terms of achieving some tiny bit
> of
> > ignorance remediation.
>
>
> I know how it works better than you do.
>
> In addition to other requirements and limitations,
> it's relatively clear from the IRS guidance to
> taxpayers:
>
>
Quote
> Interest on home equity loans and lines of
> credit are deductible only if the borrowed funds
> are used to buy, build, or substantially improve
> the taxpayer’s home that secures the loan.
> As under prior law, the loan must be secured by
> the taxpayer’s main home or second home
> (qualified residence), not exceed the cost of the
> home, and meet other requirements.
>
>
> The math also is relatively simple. The
> percentage that you're so proud of is LOWERED by
> non-deductible expenses. There no longer are tax
> benefits from putting such expenses on an equity
> line.
& we know Gerund Boy hasn't used any of the money for badly needed improvements & repairs to his home. His Vienna rambler has a falling down car port, a leaky roof and wind blows thru the rotted & warped window & door frames.
He instead uses the money to go to ball games & overpriced & mediocre restaurants & summer vacay in hot, humid FLORIDA. It's the same there like it is here, only a couple of degrees hotter.
Then he tries to tell us how smart he is w/his money & makes up shit about lawn crews on his "sweet spot" & how he supposably has all this money. Nobody believes him b/c it's so eay to see thru his lies. All he does is lie. I'm GLAD I'm not a lying sack of shit Gerund Boy.