AmyC
Expert Alumni

Deductions & credits

If your numbers add up to that amount, then it matches your 1098 totals. The IRS computer will add what they got and compare it to your sch A total. Within a few dollars and you slide on through - for balances below $750,000. IRS expects potentially less deductible interest with the higher mortgage balances.

 

@FlyawayKnight

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