zomboo
Level 7
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@AmyCYou pointed out a fact that I overlooked. You are correct. Since the total acquisition balance never exceeded the $750K limit during the year, all of the i...
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@AmyCIt's true that the debt must be secured by the home in order to be deductible but@MikoWestwants to exclude Loan A and the HELOC from the mortgage interest ...
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Assuming that Loan A and the HELOC were paid off, wouldn't it be better to enter the information from the 1098s correctly and then uncheck the box that specifie...
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Pub 936 does not provide guidance on how to calculate the average balance of the two mortgages resulting from the sale and purchase of a primary residence. As y...
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@KSB78Pub 936 is an interpretation of the tax law but we are allowed to use any reasonable method to determine the amount of deductible interest that complies w...
Activity Feed for zomboo
- Posted Re: Sold And Purchased A Primary Home In The Same Year With No Overlap on Deductions & credits. yesterday
- Posted Re: Sold And Purchased A Primary Home In The Same Year With No Overlap on Deductions & credits. yesterday
- Posted Re: Sold And Purchased A Primary Home In The Same Year With No Overlap on Deductions & credits. yesterday
- Posted Re: Mortgage Interest Deduction when you Buy and Sell in the Same Year on After you file. November 2, 2025 10:04 PM
- Posted Re: Mortgage Interest Deduction for Multiple Mortgages during the year on Deductions & credits. October 24, 2025 10:24 PM
- Posted Re: Mortgage Interest Deduction Question for Home Mortgage Refi on Deductions & credits. April 11, 2025 11:02 AM
- Posted Re: Home Mortgage Interest Deduction on Deductions & credits. April 9, 2025 2:03 PM
- Posted Re: Turbo Tax Question: Multiple 1098 with home sale & purchase same year. Mortgage Interest isn't working correctly on Deductions & credits. April 9, 2025 1:46 AM
- Posted Re: Home Mortgage interest not transferred from 1098 to Sch A on Deductions & credits. April 7, 2025 7:34 PM
- Posted Re: Home Mortgage interest not transferred from 1098 to Sch A on Deductions & credits. April 7, 2025 7:24 PM
- Posted Re: Home Mortgage Interest Deduction on Deductions & credits. April 7, 2025 7:13 PM
- Got Cheered for Re: Home Loan Interest - Large Lump Sum Payment made in January. April 7, 2025 6:10 AM
- Posted Re: Home Loan Interest - Large Lump Sum Payment made in January on Deductions & credits. April 5, 2025 3:00 AM
- Posted Re: 2024 Home Mortgage Interest Deduction worksheet with two mortgages, two homes on Deductions & credits. April 3, 2025 11:43 PM
- Got Cheered for Re: If I have a Heloc and I used to purchase a house, can I deduct the interest? If so, where in .... April 3, 2025 7:44 AM
- Posted Re: Mortgage Interest Deduction on Deductions & credits. April 2, 2025 5:29 PM
- Got Cheered for Re: How do I get through to Turbo Tax that the Mortgage Interest deduction is calculated wrong (s.... April 2, 2025 12:16 PM
- Got Cheered for Re: TurboTax Incorrectly Applying Qualified Loan Limit and Reducing Deductible Mortgage Interest .... April 2, 2025 6:31 AM
- Posted Re: TurboTax Incorrectly Applying Qualified Loan Limit and Reducing Deductible Mortgage Interest ... on Deductions & credits. April 2, 2025 12:15 AM
- Posted Re: Average mortgage outstanding? on Deductions & credits. April 1, 2025 11:04 PM