- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
We sold a home in 2022 and bought a home in 2022 and want to confirm the mortgage interest deduction limit
We sold our primary home in June 2022 and bought a new primary home in July 2022. Both were financed post 2017 so appear to have a $750,000 limit but the examples all speak to owning two homes concurrently. Our mortgage balances separately, are well under the $750k limit. But added together, are about $941,000. Does this limit still apply?
‎February 7, 2023
2:41 PM