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MikeG60
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  • you are correct just over standard w/itemized.makes sense on the interest amount and RE tax amount you note. house purchased in 2020.Is there any benefit to fil...
    MikeG60
    1
    Updated Apr 11, 2022
  • I think it is better but TT keeps saying The standard deduction is better. I guess I need to change the outstanding loan amounts in each entry to be ‘interest/i...
    MikeG60
    Updated Apr 11, 2021
  • Thanks - that would bring the average significantly down to about $1m (18k/.025+ 4k/.035 + 6k/.0325) so can recognize approx 75% of the interest (750k/1m) which...
    MikeG60
    2
    Updated Apr 11, 2021
  • Thanks!so my total loans are $2.1m for the 3 places. At 750k limit only can recognize 35% of total interest. So that’s 35% of $28k or about $10k plus about $10k...
    MikeG60
    6
    Updated Apr 11, 2021
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