Loan Interest: Interest per Quarter, Annual Interest & a Fictional Interest Cap
This lesson is part of the course
In this lesson
You split Mira's loan payments into interest and principal quarter by quarter, total the year's interest and apply a fictional interest cap to see how much interest she can deduct.
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Lessons in this course
- The Rent Ledger: Rent Received, Deposits vs Income & the Vacancy Rate Locked
- Classifying Expenses: Allowable Costs, Repairs vs Improvements & Private Costs Locked
- Mixed Use: Own-Use Days, Apportionment Ratios & Shared Costs by Floor Area Locked
- Depreciation: Straight-Line Rates, Land, Part-Year Assets & a Five-Year Schedule Locked
- Loan Interest: Interest per Quarter, Annual Interest & a Fictional Interest Cap Locked
- Profit, Loss & Carry-Forward: A Multi-Year Table with a Fictional Loss-Use Cap Locked
- Tax Due: Fictional Brackets, Rental Profit on Top of Other Income & the Effective Rate Locked
- Selling the Property: Adjusted Cost, Gain, Depreciation Recapture & the Landlord Dashboard Locked