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J
Joe Carter
Level 3
March 20, 2022

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?

  • March 20, 2022
  • 1 reply
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    1 reply

    sjrcpa
    sjrcpa
    Level 15
    March 21, 2022

    Sounds correct. Limit is interest on a $750,000 mortgage.

    The more I know the more I don’t know.
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