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stefnett
New Member

What do I enter for "related balance of home acquisition debt and home equity debt" on the "Adjustments to Deductible Home Mortgage Interest" screen in the MN state form?

I have not seen this screen in the MN state return form before. The "Learn More" link doesn't provide any detail on what amount this question is looking for. 

I have a two-part mortgage, which includes a 1) traditional mortgage and 2) a home equity line of credit. Are they looking for the principal balance on both of those? On just the line of credit? Or something else? 

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Cindy0H
New Member

What do I enter for "related balance of home acquisition debt and home equity debt" on the "Adjustments to Deductible Home Mortgage Interest" screen in the MN state form?

The related balance of home acquisition debt and home equity debt means to add the debt as of 12/31/2018 on the traditional mortgage and the home equity line of credit together.

If you have more questions about this, ask in the comment box below.

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1 Reply
Cindy0H
New Member

What do I enter for "related balance of home acquisition debt and home equity debt" on the "Adjustments to Deductible Home Mortgage Interest" screen in the MN state form?

The related balance of home acquisition debt and home equity debt means to add the debt as of 12/31/2018 on the traditional mortgage and the home equity line of credit together.

If you have more questions about this, ask in the comment box below.

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