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Deductions & credits
Hi @NCperson,
That actually makes sense too. It says I can do that as long as the interest was fixed and the mortgage was secured by main home during the year (both of which are true). My interest was ~6.5% and I paid about $41k in interest, the division gives less than $750k.
As a note, box 7 is not checked but box 8 has the same address with different spacing / naming (abbreviations in one and not in other). It is indeed my main and only home (and I live here).
So, based on all this, I should be able to claim is my main home in TT and deduct the full interest. Hopefully it will all work (first year that I will itemize instead of claiming the standard deduction).
Thanks so much everyone (@zomboo , @DaveF1006, @NCperson)!
‎January 16, 2025
3:26 AM