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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. Lacerte | ProConnect | ProSeries
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. Lacerte | ProConnect | ProSeries
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- Client has a Mortgage of $1.5 million. Married. Based on the calculation they only deduct approx. 50% of their mortgage interest. Is that correct?
Client has a Mortgage of $1.5 million. Married. Based on the calculation they only deduct approx. 50% of their mortgage interest. Is that correct?
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1 Comment 1
sjrcpa
Level 15
03-21-2022
11:55 AM
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Sounds correct. Limit is interest on a $750,000 mortgage.
The more I know, the more I don't know.
