Working through the Worksheet To Figure Your Qualified Loan Limit and Deductible Home Mortgage Interest For The Current ..., Publication 936, page 12, the deductible mortgage interest using the figures you present in your example would be $22,000.
Work through this worksheet and then enter the total deductible mortgage interest manually and keep the worksheet in your files.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
