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Be informed and ahead with our real-time stock quotes, deep tools and calculators, and breaking news and analysis. Jordan Forseth on the assembly line at Stoughton Trailers in Stoughton, Wis. He was hired there when he was an inmate and stayed on after being released. SANTA BARBARA, CA – FEBRUARY 05: Oprah Winfrey attends the 29th Santa Barbara International Film Festival Montecito Award held at Arlington Theatre on February 5, 2014 in Santa Barbara, California. It isn’t really the yacht deduction, but that’s what this loophole in the mortgage interest deduction can give you, as long as you borrow the money to buy it. According to IRS Publication 936, the home mortgage interest deduction can be used on any “qualified home.

A qualified home can be a mobile home, house trailer or boat, as long as it has sleeping, cooking and toilet facilities. To take advantage of this tax savings, you can live in your regular house and deduct the interest on that “second house” yacht down at the marina as well. 1,000,000 in total mortgage balances. It isn’t really the yacht deduction, but that’s what this loophole in the mortgage interest deductio – Shutterstock. Fireworks go off in Times Square to celebrate the New Year in New York City, New York, U.

Amazon is the first stop for many affluent shoppers to compare prices, a new survey says. P 500 Index increase 2,786. General Electric Co GE decrease 18. Facebook Inc FB decrease 179. Bank of America Corporation BAC increase 31. Rite Aid Corp RAD increase 2.

The GAC Enverge electric concept car designed for North America is displayed at the North American International Auto Show in Detroit. Bidder for the Weinstein Co. Will OPEC stick with its production cuts if oil prices keep rising? Senate Minority Leader Charles E. Senate Minority Whip Richard J.

Schumer said Monday that there is full caucus support to override the Federal Communications Commission’s repeal of the net neutrality rules. People celebrate during New Year’s Eve in Hong Kong. 9 business titans have on their desks? We can envision various possibilities — like hidden bottles of Scotch and a dog-eared copy of Sun Tzu’s Art of War.

Or stress balls and aromatherapy candles. Take a peek at the desks of these nine business moguls and their must-have desk items. How Does Your Parenting Technique Compare to Elon Musk’s, Sheryl Sandberg’s and Jeff Bezos’? What’s on the desks of business titans such as Elon Musk, Sheryl Sandberg and Oprah Winfrey? What do these 9 business titans have on their desks?