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Do I use all home acquisition debt including rental property debt in Publication 936 worksheet Part 1/Line 2 box 2, or just home acquisition debt for primary residence?

Forum|Forum|7 years ago
June 1, 2019
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Using the worksheet for IRS publication 936 on adjusted Mortgage interest, wanted to know if for Line #2 in Part 1 of "Qualified Loan Limit, do I use both our rental home acquisition debt and our primary residence home acquisition debt for box 2 of line 2, or would this just be the primary since the mortgage interest for the rental is being reported separately in Schedule E?

TurboTax Home & Biz Windows

Best answer by StacyC

You just use the primary residence home acquisition debt. The limitation being calculated on that worksheet is just for your personal mortgages, not the rental mortgage.

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StacyCAnswer

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You just use the primary residence home acquisition debt. The limitation being calculated on that worksheet is just for your personal mortgages, not the rental mortgage.