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What is "Home acquisition debt and grandfathered debt on date debt was last secured by home" asking for?

 
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New Member

What is "Home acquisition debt and grandfathered debt on date debt was last secured by home" asking for?

if I have 2 homes, I total the amount of the 2 mortgages?
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What is "Home acquisition debt and grandfathered debt on date debt was last secured by home" asking for?

Home acquisition debt is the amount of the mortgage that was used to buy the home.

Grandfathered debt is a mortgage taken out before October 14, 1987. It is not limited by the mortgage interest calculations. 

https://www.irs.gov/publications/p936#en_US_2018_publink1000230017

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