Sat May 11 2024, by Tyler Gardner
Tyler? Yep? Says here you're looking to deduct the interest on $750,000 of mortgage debt?
Yep. But your home is already paid off.
Uh, that's my primary home. I'm claiming the yacht deduction.
Uh, that's not your home.
According to your own rules, as long as it has sleeping quarters, cooking facilities, and a toilet, it is, indeed, a home.
And I can, indeed, take interest deductions on up to $750,000 of mortgage debt.
Where did you learn about this?
From the tax code that you wrote. You're really beginning to irritate me.
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