AmyC
Expert Alumni

Deductions & credits

Since the loan you are inputting is not the original, it was a refinance- this is irrelevant if all the interest is deductible since this is for the program to calculate and ask questions, not for the tax form. If the balance is below $750,000 on your home, the full amount would be deductible since all used for home.

 

You want the total of your mortgage interest that is allowable. See Sched A line 8 instructions here. 

 

Publication 936 (2020), Home Mortgage Interest Deduction | IRS

 

 

@FlatulentTax

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