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larrystahl260
February 20, 2025
Question

How do I figure my interest deduction when I didn't use all the loan on my house

  • February 20, 2025
  • 1 reply
  • 0 views
do I put the interest that's on the 1099, or figure the percentage myself

    1 reply

    AmyC
    AmyC
    February 24, 2025

    You will put the amount on the form and answer the questions in the program. For example, I entered a $500,000 refinance with only $480,000 going towards the house. The program is able to calculate the allowed interest deduction.

     

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