Sam Adams beer told to leave Obama's America!!!!

[Toddsterpatriot]

No, business owners cannot claim non-business mortgages as business expenses.
Mortgage on the factory, sure, mortgage on your home, nope.

Who said anything about a home? It's investment property.

Who said anything about a home? It's investment property.

Excellent! What income does it produce?

 

[Toddsterpatriot]

ROFL! Don't prove to the entire forum that you're an idiot. We all know a business can deduct legitimate business expenses like the cost of buying a place to run the business. You said you could deduct personal expenses. That means the mortgage on your house, not the mortgage on your place of business.

What is the business of a non-regulated family trust corporation?

If it's to pay your expenses, great.
It just can't deduct them.

 

[thereisnospoon]

Then contact your US House member and US Senators and urge them to simplify the Us Tax code.
Short of that, it's all whining.

Why would I want to do that? Republicans have worked very hard to write tax law and change tax rules to help me pay less percentage of my income in tax than middle class folks. And the middle class keep voting for them. Is this a perfect world?

Right. Hypocrite.

 

[OnePercenter]

Then where do you live, stupid? Is renting preferable to owning?

You just admitted you lied, BTW.

1) If you and a friend are buying at the same time, buy each others property then rent it to each other for the amount of the mortgage payment. The tax advantages are HUGE.

2) Establish a corporation to buy the property. Again, HUGE tax advantages.

 

[OnePercenter]

How do you think we have so many rich unemployed folks in this country?

Why would people with a bunch of money have to work?

Non-regulated family trust corporation.

 

[OnePercenter]

ROFL! Don't prove to the entire forum that you're an idiot. We all know a business can deduct legitimate business expenses like the cost of buying a place to run the business. You said you could deduct personal expenses. That means the mortgage on your house, not the mortgage on your place of business.

What is the business of a non-regulated family trust corporation?

Covering your living expenses is not a business.

What is the business of a non-regulated family trust corporation?

 

[Toddsterpatriot]

ROFL! Don't prove to the entire forum that you're an idiot. We all know a business can deduct legitimate business expenses like the cost of buying a place to run the business. You said you could deduct personal expenses. That means the mortgage on your house, not the mortgage on your place of business.

What is the business of a non-regulated family trust corporation?

Covering your living expenses is not a business.

What is the business of a non-regulated family trust corporation?

What is the business of a non-regulated family trust corporation?