jfkilliancpa
Level 1
12-07-2019
03:56 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
According to the 2018 of J K Lasser text - Your Income Tax 2019. '"Although Te Tax Cuts and Jobs Act generally prohibits a deduction for interest - Acquistion debt incurred on or before December 15, 2017 IS Grandfathered so that the prior limit of $1,000,000still applies for deducting interest on your returns for 2018 and later years. IS THIS TRUE AND HOW SHOULD THE INTEREST BE DEDUCTED?
Best Answer Click here
Labels
sjrcpa
Level 15