Deductions & credits

suggestion : just use your own calculations.  If ever audited by the IRS, you have documentatin on how you did it. You are not beholden to TT's method. 

 

it is rather easy:  the aquisition interest is the interest rate times the $150,000; since it is not amortizing, it is that simple.  Whatever was reported by the bank less the aquisiiton interest  is the non-aquisition interest. 

 

TT's calculation should be close to what I stated above but I agree it could have been simpler.