My farm and home are on the same land, how do I enter and split out mortgage interest? It is $18k in interest and under new tax law I can deduct it all..correct?

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My farm and home are on the same land, how do I enter and split out mortgage interest? It is $18k in interest and under new tax law I can deduct it all..correct?

Taxes are based on value. I suggest you get an appraisal or fair market value report done if the farm and house values are not separated on the tax bill. Use the same percentage to split the interest between the farm and the home.

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My farm and home are on the same land, how do I enter and split out mortgage interest? It is $18k in interest and under new tax law I can deduct it all..correct?

My farm and home are on the same land, how do I enter and split out mortgage interest? It is $18k in interest and under new tax law I can deduct it all..correct?

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My farm and home are on the same land, how do I enter and split out mortgage interest? It is $18k in interest and under new tax law I can deduct it all..correct?

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My farm and home are on the same land, how do I enter and split out mortgage interest? It is $18k in interest and under new tax law I can deduct it all..correct?

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