Deductions & credits

Thank you,

 

In your example of 750/900.  

 

Is 900 here as an example of loan amount being: 900k?

 

Also, when you said > you will then multiply by how much interest you actually paid during the year (shown on your form 1098). 


I think Turbotax will calculate for us right :P. i can perhaps use that as the example to validate the calculation provided by Turbotax (if i want to validate)


Thank you