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Deductions & credits
Thanks @AmyC . So to clarify, my "new" main home's interest - by itself - is still below the $750k threshold. And my "new" second home, which sold last Fall, was also below the mortgage threshold. Do I treat them individually (and therefore deduct all of the mortgage interest since they independently would be below the limit), or are the calculations based upon TOTAL mortgage debt of the combined mortgages?
Thanks!
March 28, 2020
1:51 PM