
Anonymous
Not applicable
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Deductions & credits
$10K cap on personal mortgage interest? what code section are you referring to? IRC 163(h)(3) only limits the principal amount , generally $1 million, so if you had a $2 million mortgage and paid $100,000 in interest, 1/2 or $50,000 would be deductible
‎October 28, 2019
11:51 AM