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to $B or not to $B - that is the question
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<blockquote data-quote="Angus Cowman" data-source="post: 599102" data-attributes="member: 8829"><p>I see keeping the mortage on a house because if you have a 100K mortage and deduct the interest you have gained that money and if you have the 100k invested to pay it off you are getiing the gain on your investment also and the deduction more than covers your gain on the investment </p><p>Had a financial consultant explain several issues like this when I started my first business he said even if you have the money, from a business standpoint you need to finance the equipment and keep your money assets for back up I also talked to my accountant and she ran the #s and it did work out to where I got substantially larger tax breaks</p></blockquote><p></p>
[QUOTE="Angus Cowman, post: 599102, member: 8829"] I see keeping the mortage on a house because if you have a 100K mortage and deduct the interest you have gained that money and if you have the 100k invested to pay it off you are getiing the gain on your investment also and the deduction more than covers your gain on the investment Had a financial consultant explain several issues like this when I started my first business he said even if you have the money, from a business standpoint you need to finance the equipment and keep your money assets for back up I also talked to my accountant and she ran the #s and it did work out to where I got substantially larger tax breaks [/QUOTE]
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to $B or not to $B - that is the question
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