The Mortgage Principal Trap

Attention Homeowners: Stop counting your mortgage principal for HOH status.

One of the most common errors for business owners and tech pros is inflating their 'household upkeep' costs by including their full mortgage payment. The IRS only allows Interest, Taxes, and Insurance. Including principal is an audit magnet.

Stay Safe with these HOH rules:

Principal payments do NOT count as upkeep.
Fair rental value is irrelevant if you own the home.
Focus strictly on the cost of 'carrying' the property (Interest/Taxes).

Watch the full podcast episode for more details: https://youtu.be/zUq8Lo-8fZE

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DISCLAIMER: This content is for educational purposes only and should not be considered personalized financial advice. Always consult with a qualified financial professional before making financial decisions.

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