Going along with my example, I see TurboTax is calculating my mortgage interest deduction as 750K/(700K+1000K) or 44% ratio to the mortgage interest I paid (adj...
Hi Carl. Does home acquisition debt include my converted rental home or just the new one that was purchased? Or is it the sum of both? That is really what I am ...
I did do the rental property section first. However, there were no options to allow the program to do the splits for me. Likewise, there is no small print in th...
New home (1mm) purchased in June 2020. Converted rental home (700K) was available to rent September 2020 and rented November 2020. I have pro-rated the mortgage...
