Q. Ok, firstly do you think the IRS would care so much so long as we’re both not claiming it?
A. You can only claim what YOU actually pay.
Q. Will we get all the E interest back on our 810K mortgage or would it still be based on 750K? I thought the latter.
A. $750. Actually, half of $750, if you are each claiming half.
Q. Would we put half the mortgage value (410K) and half the interest? Or would we put the full mortgage amount (820K) and our half of the interest?
A. Half the interest, all the mortgage (TT needs to apply the limit).
