paying off the mortgage…

[SK in CV]

[quote=scaredyclassic]with AMT, do you reaaly get much benefit from interest in the 3 to 500k income range?[/quote]

generally, AMT isn’t affected by mortgage interest. Mortgage interest is deductible in computing both regular tax and AMT.

[SK in CV]

[quote=scaredyclassic]with AMT, do you reaaly get much benefit from interest in the 3 to 500k income range?[/quote]

generally, AMT isn’t affected by mortgage interest. Mortgage interest is deductible in computing both regular tax and AMT.

[Coronita]

I’ve decided to pay off the remaining mortgage balance on my rental. The past few weeks in the stock market has been ridiculously great. I’m taking (some) money off the table so I can enjoy a more reliable and steady stream of income by reducing the cost to tax/hoa/maintenance.

Never know what next year brings in the markets, and frankly I don’t know what else to do with all the unexpected windfalls lately.

Maybe look at rental properties again….in other parts of CA.

I’m official old…. No more totally aggressive portfolio for me… Now comes the stage of preserving what I have.

[Author]

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