The Bailout: Part 2

barrons
Thu, 06 Sep 2007 20:20:03 +0000

As I said, the writeoff of interest on home loans (with limits) has been around as long as I can remember. The capital gains treatment was eased some but you always could avoid the tax if you bought another home as most people do. If you are a straight home investor (landlord) the benefits are much more limited. The have very low income limits for deducting any operating losses. It has been that way for at least 50 years.