AlexanderS08
Expert Alumni

Deductions & credits

You would use the balance from the mortgage on the new house. The question is asking with respect to 12/31/2019 so only the balance on the new house is relevant on that date.

 

You can still use the interest from January through June from that 1098 for the old house, but for purposes of the mortgage balance (which determines eligibility to deduct interest) you would look at the 1098 for the new house.

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