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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 Napoleon
Posted on 12/15/15 at 10:40 am to Napoleon
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.
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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