I think what you're saying is equivalent to saying "this is the same interest that the taxpayer would have paid if they had held the loan with a lower average b...
@DMarkM1Thanks for the response, I appreciate you sharing your expertise!> @TBain I refer to Publication 936, the Average Mortgage Balance section, Examples 1 a...
One other thing to pay attention to: the $750k limit is for married filing jointly. Your numbers would work out correctly if you're married to someone who is no...
@PatriciaVPub 936 says "dividing that total by the number of months the home secured by that mortgage was a qualified home during the year." For the NC loan tha...
