TaxGuyBill
Level 15
02-27-2020
05:01 PM
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Do you have a link? I'm not finding it via Google.
I strongly encourage you to post a question about this on other tax boards (such as TaxProTalk) and see what other tax professionals tell you. You could say something like this:
Client has a mix-use mortgage for $100,000. $70,000 was for purchasing the home, and $30,000 was for paying off credit cards. Total interest for the year was $10,000. How much, if any, of the mortgage interest is deductible on Schedule A?