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re: What to do w/ $500,000
Posted on 2/11/24 at 8:10 am to NC_Tigah
Posted on 2/11/24 at 8:10 am to NC_Tigah
quote:
The $15.4K is deductible at marginal rate, so real cost of carry totals ~$11.4K
Realistically most filers are just going to take the standard deduction $29200. Even if OP itemizes, only the portion above standard deduction is an additional benefit of holding the loan.
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