Loan or Cash-Which is better dollar for dollar.
Which is better dollar for dollar?
Tax wise, If I purchase a condo for $100,000, would it be better to pay cash for it or better to finance it?
Income level around $150,000.
Wife and I with no dependents.
Only debt we carry is current mortgage.
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Eamonn McElroy
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Eamonn McElroy#5 Tax, SDIRAs & Cost Segregation Contributor
#5 Tax, SDIRAs & Cost Segregation Contributor
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As @Steven Ko mentioned, if viewed solely from a tax perspective, financing is always going to be better than straight cash. However there are many other sides to the decision that need to be considered.