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Deductions & credits
@Stonks look at the bottom of page 12..lower left.
https://www.irs.gov/pub/irs-pdf/p936.pdf
assuming you had a fixed rate mortgage, just take the total interest and divide it back by the interest rate. THAT is the average balance for the year. Is that under $750,000? if yes, then all the interest is deductible.
‎January 16, 2025
3:10 AM