If you received interest from a mortgage loan you made, it is treated as ordinary income. List it on Schedule B.
Commercial mortgages interest rates are different from residential mortgages, commercial mortgages are taxed a little different and these taxes affect the interest rates to increase.
In most cases interest on a Muni (municipal bond) is not taxed
yes
Fixed Rate Mortgage vs. Interest Only Mortgage A fixed rate mortgage has the same payment for the entire term of the loan. Use this calculator to compare a fixed rate mortgage to Interest Only Mortgage.
An online website called Bankrate provides a mortgage calculator for interest only. 'Good Mortgage' and 'Mortgage Calculator' also are good places to find a mortgage calculator for interest only.
You must be making the payments to claim the interest. However, if you are not on the mortgage there could be an issue.
They are only taxed on the interest. The money in the account should have already had its tax paid as income.
Interest on US Treasuries is taxed as ordinary income. It is also exempt from state and city, if applicable, income taxes.
If you are on a mortgage you have to claim half of the interest by Texas law?
If you want to find out about fixed and variable mortgage interest rates i think you should to go http://www.nca.ie/nca/mortage-interest-rates https://www.moneyadviceservice.org.uk/en/articles/mortgage-interest-rate-options or http://www.uswitch.com/mortgages/mortgage-interest-rates/
I'm not trying to be difficult, but I don't understand how you HAVE mortgage interest if you rent. You carry a mortgage on your rented home?
Yes, but if the mortgagor defaults on the mortgage you can only acquire their partial interest by foreclosing on the mortgage.Yes, but if the mortgagor defaults on the mortgage you can only acquire their partial interest by foreclosing on the mortgage.Yes, but if the mortgagor defaults on the mortgage you can only acquire their partial interest by foreclosing on the mortgage.Yes, but if the mortgagor defaults on the mortgage you can only acquire their partial interest by foreclosing on the mortgage.