Hello,
I got my house and I took a loan from a private lender with more than 750k. The lender didnt send me 1098 but sent me a statement which shows for every month how much interest I paid and what is the remaining balance. Something like the picture below
Now I have the following questions:
1. How to calculate the interest and apply the limitation of 750000?
2. What should be the outstanding mortgage principle ? Is it the last value which is 890000?
3. What should the answer for the question below? I am expecting it should be no
4. How can I adjust the mortgage in state tax? I dont see an option to modify it there
Thanks alot
