Search results

Thanks for such great speedy replies all. Paul this is just for my own general knowledge and yes for a little bit of future estimate. Of course I would ALWAYS get expert advice at tax time.

Hey All, If simple enough to explain, what is the formula for calculating the interest tax deduction on a loan annually. Using an example of a 100k investment loan on IO over 30 years at 5% interest and say your on a middle tier tax bracket at 37 cents. On my calculation the interest...