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Thank you. I’m aware there’s a way to indicate that you are deducting interest which was reported on a 1099 sent to another person. What I’m wondering is… does the IRS care that we have invented this arrangement so the deduction is claimed entirely by the person in the higher tax bracket? And...

Not married, but have long term partner and we keep separate finances. We jointly own our home and both are on the mortgage debt. For 12 years, I was in a higher tax bracket, so I deducted 100% of the interest and property taxes while she took the standard deduction. We have a joint bank...

The PRALANA tool is an excel file which does monte carlo simulations, too. It provides great flexibility to include income and expense amounts which change over time. The bronze version is free for a limited period of time (60 days, I think). https://pralanaretirementcalculator.com/get-prc/

Hi all, I own an investment property which had a $129k mortgage on it at a 4.75% rate. In December, I refinanced the loan on my primary residence to get a 2.625% rate and was able to get cash-out proceeds of $129k which I used to pay off the debt on my investment property. After a little...

I've done back-door ROTHs every year since 2014. For 2014-15, the TaxCUT software generated the Form 8606. I recently noticed when I started using TurboTax in 2016, no 8606 form was generated (perhaps due to my using the software incorrectly). Prior to 2014, I never contributed to an IRA...

I use bankrate.com to search for good Savings/MM rates. Also good for searching best loan and mortgage rates.