vk16
Returning Member

Deductions & credits

@rvijayc 

 

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.

 

@zomboo 

      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.