sjrcpa
Level 15
yesterday
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I have a different interpretation about old house. Its was principal residence until converted to rental. Interest incurred up to that date is home mortga5ge interest, subject to the usual rules ($750K/$1 million as applicable) The rest of the year's interest goes on the rental schedule.
Then apply the $750K limit to the new house/new mortgage.
I usually end up doing these calculations in a spreadsheet.
The more I know the more I don’t know.