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Deductions & credits
@bbuchanan99 you can only deduct the interest on your primary home and ONE second home. Does that solve your $750,000 limit issue?
and @VictoriaD75 answered your question that the limit is PER PROPERTY and not per taxpayer; the entire debt is part of the calculation to determine the $750,000 limit even though you may only be paying 1/2 the interest.
‎February 16, 2025
1:20 PM