2nd Quarter 2013 Updates – Home & Investment

The following is a summary of the most important tax developments that have occurred in the past three months that may affect you, your family, your investments, and your livelihood. Please call us for more information about any of these developments and what steps you should implement to take advantage of favorable developments and to minimize the impact of those that are unfavorable. Home and Investments Couple couldn't deduct mortgage interest added to principal.  In a recent case involving a negative amortization loan, a couple was denied a mortgage interest deduction for the unpaid interest that was added to principal. [...]