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re: To deduct or not to deduct, that is the question.

Posted on 12/15/15 at 10:40 am to
Posted by OMapologist
Member since Oct 2015
594 posts
Posted on 12/15/15 at 10:40 am to
Two Things.

1. If you're having to artificially inflate your bottom line to get qualified for a mortgage you should at least consider a cheaper alternative.

2. You can file an amended return up to 3 years later with the proper deductions.

I'd take all the deductions I was legally allowed and find either a different house or a different broker. I'm not trying to pay more taxes than I'm legally obligated to pay.
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