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Reply to "Second home purchase - Where do I take the money from?"
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[quote=Anonymous]OP - I know using cash is the obvious easy choice but because I now have near nothing as a right-off for taxes, I was thinking more on the line of using money (or some of it) from my $100,000. stock account and simply using the new mortgage interest to help offset the taxes I'lll owe on the stock sale. Purchasing this second home is NOT simply for the tax right off's. At this point I have no plans for needing funds from either of my two investment accounts. I guess I'm just looking for ways to use it without costing me an arm and a leg in taxes and at the same time keep a nice healthy cash amount in the bank. [/quote]
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