Posts Tagged as Orange County

Mortgage deduction limits: per residence, not per person

Last week brought bad news for wealthy unmarried couples who own homes together. The U.S. Tax Court held that the $1.1 million limit on the mortgage interest deduction must be applied per residence, not per taxpayer, even where the co-owners are unmarried and file separate tax returns.
Home mortgage interest for a loan or loans totaling $1 million is deductible as an itemized deduction. Interest on a home equity loan — for a primary or second home — of up to … Continue Reading Mortgage deduction limits: per residence, not per person

NAR’s Realtor.org gets ‘responsive’

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I hosted a conversation with Mark Lesswing and Chad Curry f… Continue Reading NAR’s Realtor.org gets ‘responsive’

HTML5 video for real estate: it’s here, and so are consumers

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John Hrvatin, program manager lead for Microsoft’s Internet Explorer, sa… Continue Reading HTML5 video for real estate: it’s here, and so are consumers

IRS crackdown on identity theft

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Here’s an easy way for an identity thief to make money: Use the victi… Continue Reading IRS crackdown on identity theft

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