A designated Roth contribution is a type of elective deferral that employees can make to their 401(k), 403(b) or governmental 457(b) retirement plan.
this is just a quicky idea, but slowly developing, and would love to hear some advice. Block of land (800 sq meter) -roughly $550K (Zoned as 2B residential). Build cost â $400K (300 sq meter of duplex). one can be sold at $650K.
You own a duplex and live in one half, renting the other half. Both units are approximately the same size. Last year, you paid a total of $10,000 mortgage interest and $2,000 real estate taxes for the entire property. You can deduct $5,000 mortgage interest and $1,000 real estate taxes on Schedule E (Form 1040). If you itemize your deductions, you can deduct the other $5,000 mortgage interest and $1,000 real estate taxes on Schedule A (Form 1040).