> . If you try to maintain a $20k balance for a year, for example, you’ll discover that this balance counts against your deductions for that tax year (effectively a negative $20k deduction). Or at least that’s my understanding so far.
You don’t get taxed on having a balance; you do get taxed on the income that generated it. (Or am I missing something crazy?)
You don’t get taxed on having a balance; you do get taxed on the income that generated it. (Or am I missing something crazy?)