You'll need to sign in or create an account to connect with an expert.
Yes, the state of California is allowing taxpayers to deduct the mortgage interest for loans up to $1.000.000 rather than $750,000. The additional mortgage interest adjustment on the state return is a deduction for the disallowed portion of mortgage interest from the federal return.
Please view the California link below for more information.
Yes, the state of California is allowing taxpayers to deduct the mortgage interest for loans up to $1.000.000 rather than $750,000. The additional mortgage interest adjustment on the state return is a deduction for the disallowed portion of mortgage interest from the federal return.
Please view the California link below for more information.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
mjtax20
Returning Member
misschristian0711
New Member
josephmarcieadam
Level 2
scatkins
Level 2
djpmarconi
Level 1