Trying to determine if I can deduct 100% of the mortgage interest for my homes, as I didn't sell my first home until about 10 months after I closed on my new one.
- Mortgage 1: $300K originated 2012 (qualifies for $1m limit) - sold Oct 2019
- Mortgage 2: $700K originated 2018 (qualifies for $750k limit)
Can I take the full mortgage interest deduction, or do I have to use the worksheet to calculate a reduced amount for the combined mortgage totals?
Thanks!
