Question
8829 and mortgage interest limitation
Client with schedule C has mortgage interest principle of 780k.
When I allocate % of interest in 8829, the remaining flows in schedule A.
So technically Sch A has correct amount up to 750k, the rest is in 8829,
but overall combined Sch A + 8829 has 780k.
Is there a 750k excess limitation rule for 8829? Or is it just for schedule A?
