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Q: Can you have vested interest in a home ive rented for 10 years?
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Can you write off mortgage interest if you rent?

I'm not trying to be difficult, but I don't understand how you HAVE mortgage interest if you rent. You carry a mortgage on your rented home?


What type of appliances can be rented from Bestway?

Almost any time of home appliance can be rented from Bestway. A customer can rent furniture, electronics or home appliances such as laundry machines from Bestway.


The clalisles borrowed 94000 to buy their first home the interest rate on their loan was 7.5 percent for 20 years how much interest will they have to paid after 20 years?

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The Carlisles borrowed 94000 to buy their first home The interest rate on their loan was 7.5 percent for 20 years How much interest will they have paid after 20 years?

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What items can be rented from Crosslands Rental?

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Is the mortgage interest on a vacation home deductible?

Qualified HomeFor you to take a home mortgage interest deduction, your debt must be secured by a qualified home. This means your main home or your second home. A home includes a house, condominium, cooperative, mobile home, house trailer, boat, or similar property that has sleeping, cooking, and toilet facilities. The interest you pay on a mortgage on a home other than your main or second home may be deductible if the proceeds of the loan were used for business, investment, or other deductible purposes. Otherwise, it is considered personal interest and is not deductible. Main home. You can have only one main home at any one time. This is the home where you ordinarily live most of the time. Second home. A second home is a home that you choose to treat as your second home.Second home not rented out. If you have a second home that you do not hold out for rent or resale to others at any time during the year, you can treat it as a qualified home. You do not have to use the home during the year.Second home rented out. If you have a second home and rent it out part of the year, you also must use it as a home during the year for it to be a qualified home. You must use this home more than 14 days or more than 10% of the number of days during the year that the home is rented at a fair rental, whichever is longer. If you do not use the home long enough, it is considered rental property and not a second home. For information on residential rental property, see Publication 527.


What is the meaning of non vested spouse on a mortgage where both husband and wife are the mortgagees?

if the wife owned a home prior to marriage and the spouse signed non vested spouse. does the home still belong only to the wife.


Who do you contact to insure a rented motor home for towing in the US?

The rental agency should take care of that when you go to receive the rented vehicle.


If your parents die and you live in their home for 40 years without sole owner ship all 3 daughters die leaving 1 daughter spouse nephew still living 3 way divide or a 2 way divide with nephew 2n?

Collect all your receipts for mortgage payments and repairs you have paid over the years. You may have more vested interest in the home than the others. It is also going to depend how the interest in the house was left to them and whether you have a lifetime right to live in the house. You may want to visit a lawyer to allay any fears you have.


The home we live in is 5 years old. We rented in 2008purchased in late 2009. Developer said we were out of covenants and he did not feel like enforcing to prev owner. Is this legal?

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