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johnjbrow
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I own 2 homes. One loan originated prior to 12/15/17 and one loan originated after 12/15/17. In total the loans amount to about $850,000. Is all interest deductible?

 
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1 Reply

I own 2 homes. One loan originated prior to 12/15/17 and one loan originated after 12/15/17. In total the loans amount to about $850,000. Is all interest deductible?

You can enter the interest paid for the two homes in 2018.  You will still be limited to the $10,000 SALT limit for state and local taxes which will include the property taxes you paid in 2019.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
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