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Rick Lee Rick Lee is online now
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Join Date: Jul 2001
Location: Cave Creek, AZ USA
Posts: 44,714
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Motion, your principal payment is not tax deductible. It might be for a rental property as part of your overall carrying costs, but even that is only 50% deductible for someone at your income level. On your primary residence, paying down principal just makes the payoff day come a lot sooner.
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Old 10-26-2011, 01:57 PM
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