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Homework answers / question archive / Suppose you purchase a $300,000 condominium for your personal residence putting down 3% and borrowing the balance at a rate of 3

Suppose you purchase a $300,000 condominium for your personal residence putting down 3% and borrowing the balance at a rate of 3

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Suppose you purchase a $300,000 condominium for your personal residence putting down 3% and borrowing the balance at a rate of 3.5% for 30 years. If you move in on July 1 of 2021, approximately how much of a tax deduction can you take for the tax year 2021 assuming you itemize your deductions and are not subject to any SALT limits? How does this change the...

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