TZUTC: -0500   
   MSGID: 164.consprcy@1:2320/105 2c21b7c2   
   REPLY: 158.consprcy@1:2320/105 2c21a8ce   
   PID: Synchronet 3.20a-Linux master/acc19483f Apr 26 202 GCC 12.2.0   
   TID: SBBSecho 3.20-Linux master/acc19483f Apr 26 2024 23:04 GCC 12.2.0   
   BBSID: CAPCITY2   
   CHRS: ASCII 1   
   > I don't know if it's universal but I believe you guys can write off   
   > your mortgage payments (or interest?) against your income at tax time   
   > which saves you a lot of money.   
      
   We can write off interest *but* it is only really a benefit early on in your   
   mortgage, when the interest payments are higher.  In KY you can do that on   
   your state taxes, too.  It has not been of any benefit to me for several   
   years now as my mortgage is 10+ yrs old.   
      
   > Here our advantage is your *Principal* residence can be sold at a   
   > huge profit without any Capital Gains tax involved.   
      
   That *is* nice. ;)   
      
      
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