Thanks Mike.
I went through Table 1 on Pub 936 and followed your calculation. The resulting home mortgage interest deduction makes sense.
Now the issue is how do I reflect this through Turbo Tax software. I've gone through this again and again. But Turbo Tax wants to give me the total interest paid on both homes as deduction without any regards to the $1.0 MM cap on mortgage debt.
Live Help (w CPA) wasn't helpful either.
Thanks,
