Hacker News new | ask | show | jobs
by jdavis703 1805 days ago
How does the interest deduction work? I thought mortgage interest was the only interest people can write off their taxes.
1 comments

I’m not really familiar with US tax laws tbh. But even if you can’t you would only ever need to liquidate equity to pay the interest. Only those payouts would count as income.

Maybe an accountant can chime in.