Kevin159
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Thank you. I didn't see any limit in the 2020 instructions at IRS.gov. I'll check pub 936.
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Yes, interest only
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The balance of the home acquisition debt as of 1/1/2020 was 811,000. The loan was originally taken out in 2005, but refinanced a couple times since then, most r...
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The summary page saysI have $12,000 of deductible interest, but I should have about $40,000 of deductible interest. I don’t know what could be lowering it.I don...
Activity Feed for Kevin159
- Posted Re: Turbo tax keeps telling me the standard deduction is better for me, but that can't be right. I paid more than $40K in mortgage interest and maxed out the SALT deduction. on Deductions & credits. January 30, 2021 4:34 PM
- Posted Re: Turbo tax keeps telling me the standard deduction is better for me, but that can't be right. I paid more than $40K in mortgage interest and maxed out the SALT deduction. on Deductions & credits. January 30, 2021 4:33 PM
- Posted Re: Turbo tax keeps telling me the standard deduction is better for me, but that can't be right. I paid more than $40K in mortgage interest and maxed out the SALT deduction. on Deductions & credits. January 30, 2021 3:58 PM
- Posted Re: Turbo tax keeps telling me the standard deduction is better for me, but that can't be right. ... on Deductions & credits. January 29, 2021 8:44 PM
- Posted Turbo tax keeps telling me the standard deduction is better for me, but that can't be right. I paid more than $40K in mortgage interest and maxed out the SALT deduction. on Deductions & credits. January 29, 2021 5:27 PM