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R
Rogersails
Level 2
January 19, 2021
Question

Deductible Home Mortgage Interest Worksheet

  • January 19, 2021
  • 1 reply
  • 6 views

Has anyone experienced inaccuracies on computation of allowable home mortgage interest when entering two mortgages above the 750K amount?    ie refinance.

If so, what tools do you use to ensure accurate interest is deducted?

This topic has been closed for replies.

1 reply

dascpa
dascpa
Level 11
January 19, 2021

I have found that the worksheet has many flaws with multiple mortgages, paid off mortgages, mortgages that are transferred to a new lender the day after settlement, etc.  I developed my own Excel worksheet to do the calculation and then see if I can get the ProSeries worksheet to match.  If not, I use my Excel as I trust that more.

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