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How to calculate mortgage interest deductions in the overlapping period when the second house was bought and the first one was not sold?
In 2023, someone sold the first house after the second house had been bought. Both houses were over $750,000. Therefore, there was an overlapping period in which interests were paid for two houses. How to calculate the mortgage interest deductions for this overlapping period? Do you add both the interests and then divide by $1,500,00?
Thank you for your help.
Thank you for your help.
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March 23, 2024
6:37 PM