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Mortgage interest - not all is deducted
I copied all of the notes from TT and it doesn't mention the $10K cap: My taxes are higher than my mortgage interest, so why can't I deduct all of my mortgage interest? If I pay %15,000 in mortgage interest, does the remaining $5,000 transfer to next year? and the year after, etc.?
‎April 5, 2023
6:24 AM