sjrcpa
Level 15

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.