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Real Estate
Reply to "Want to downsize-Sell and take loss but save, or wait for appreciation?"
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[quote=Anonymous][quote=Anonymous]OP, don't forget to factor in the lost of the mortgage deduction credit on federal taxes when going from 200K to 65K in your annual calculation. Not saying don't do it though. [/quote] Valid point, but my goal is to be mortgage free, we would most likely save up the 65K before we move. I was just using 65K in mortgage, so we do a fair comparison of cost savings. Also we are high income as per IRS, so dont think we get full deductions.[/quote]
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