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   MSGID: 185.consprcy@1:2320/105 2c245402   
   REPLY: 164.consprcy@1:2320/105 2c21b7c2   
   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   
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   RM>> 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.   
      
   MP>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.   
      
   But if your mortgage is over 25 or 30 years there still must be a   
   fair amount going to interest. In any case, just to toss out some   
   random figures, if you have a $250,000 mortgage at 6% over 25 years   
   you would over that time pay $229,855 in interest that you wrote off   
   at some point.   
      
   RM>> Here our advantage is your *Principal* residence can be sold at a   
     >> huge profit without any Capital Gains tax involved.   
      
   MP>That *is* nice. ;)   
      
   Do you pay tax on the amount your house goes up in value if you   
   sell it?   
      
   A question off topic, which is funny considering the question..   
   Lots of conversations going on in the conference which is called   
   FI-Consprc. I assume FI is Fido? What is this area supposed to be   
   used to discuss?   
      
   If Consprc is short for Conspiracy then maybe some of this might   
   still be on topic..   B)   
      
   ---   
    * SLMR Rob  * We have met the enemy, and they tasted GREAT!   
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