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upsdoug
February 18, 2021
Question

This says these instructions are for loans on $375,000 or more. What if mine is less ?

  • February 18, 2021
  • 1 reply
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A
AlanT222
February 18, 2021

If your total home debt is under $375,000 ($187,500 for married filing separate) there is nothing new for you to do in 2020. Enter each 1098 as you normally would.  Your mortgage interest deduction should calculate correctly.  

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