TaxGuyBill
Level 15
02-27-2020
07:12 PM
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@cinmon428 wrote:All the interest on the first $20000 of principal is non-deductible.
But you are paying interest on $100,000, not $20,000. You can't suddenly change the terms and say you are actually paying 30% interest on $20,000, rather than 6% interest on $100,000.
I am done too. You are being unreasonable and are wasting my time.