AmyC
Expert Alumni

Retirement tax questions

@ccanarel If your mortgage debt is not limited, the numbers don't matter. The numbers you put down go into a worksheet to determine what is allowed on your tax return. The IRS is not looking at the worksheets so they are not aware of your different answers. No need to amend unless it changes your deductible mortgage interest.

 

If your mortgage is below $750,000, it does not matter. The worksheet will calculate the full interest to put on your tax form.

 

 

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