Quote:
Originally posted by taxwonk
The proposal is to eliminate the deduction for new home mortgages and to phase out the deduction for existing mortgages over five years.
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Sorry, catching up and not paying attention. This is the federal proposal, or some hypothetical proposal?
Is this the Balt Anal Rape Tax Reform Act of 2005? (BARTRA?)
(May well be both selling a house - no doubt for much less than I could if the interest were deductible - and buying a house - thereby eliminating my current deduction - very soon and not by choice).
