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Deductions & credits
I am in similar situation as yours and I am not tax expert but I believe I found solution to this in Pub 936.
Search for " Interest paid divided by interest rate method" for calculating average balance of each mortgage in Pub 936.
This seems to work great for me.
Pls let me know if you disagree with " Interest paid divided by interest rate method" for calculating average balance of each mortgage in Pub 936 for any reason.
‎April 8, 2024
8:37 AM