Quote:
Originally Posted by RichieRich
Interesting... thanks for sharing.
I heard, but am asking you to confirm, that US mortgage interest costs are tax deductible on your annual tax submissions?
Here in Canada they are not, by default, tax deductible although there is at least one way to work around this but requires quite some effort and assistance.
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Yep, that's correct. I bought my first home in 2008 and have deducted the interest on my annual tax return every year since.