You'll need to sign in or create an account to connect with an expert.
You really don't have a lot of flexibility here. Assuming that you legitimately have 1.1 million of home acquisition debt, then you claim the interest on the first million of that there and interest on 100,000 of the home equity debt, making sure that you make an AMT adjustment for that part.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
ghhou1
New Member
kennon1967
Returning Member
kaylinflores30-g
New Member
Trevohnp
New Member
Andy_W
Level 1
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.