- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
The final deductible amount of mortgage interest isn't correct
Hi,
I have 2 mortgage loans, and I payed interest $30,000 and $10,000 for each.
Total amount is $40,000 and I can see this amount in the deduction summary.
But, this amount is going down to $20,000 after analysis.
but somehow, it's way lower than actually summation of 2 mortgage interest I payed.
I did not see this thing last year when I did tax report for 2019.
Is there anything I'm misunderstanding or I can correct?
Thank you in advance.
March 6, 2021
6:42 PM