Do I use all home acquisition debt including rental property debt in Publication 936 worksheet Part 1/Line 2 box 2, or just home acquisition debt for primary residence?

[ccbkm]

Using the worksheet for IRS publication 936 on adjusted Mortgage interest, wanted to know if for Line #2 in Part 1 of "Qualified Loan Limit, do I use both our rental home acquisition debt and our primary residence home acquisition debt for box 2 of line 2, or would this just be the primary since the mortgage interest for the rental is being reported separately in Schedule E?

[StacyC · Accepted solution]

You just use the primary residence home acquisition debt. The limitation being calculated on that worksheet is just for your personal mortgages, not the rental mortgage.