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Mortgage Interest Deduction for 2 homes
Hi,
I acquired a second home this year that became my primary residence for the last 4 months of the year, but I've held my previous residence for personal use. My loan on my original home was acquired in 2019 and exceeded $750K. My new purchase has a much smaller loan under the $750K cap but at a higher interest rate. How do I approach calculating my deduction between the homes?
Thank you!
Topics:
March 30, 2024
12:13 AM