TaxMonkey
Level 8
12-07-2019
01:36 AM
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Yes, excess interest is still deductible on the rental portion. The $750k limit is per taxpayer, not per property. Thank you Ninth Circuit!
https://www.thetaxadviser.com/issues/2016/dec/mortgage-interest-deduction-limit-per-taxpayer-basis.h...
https://www.thetaxadviser.com/issues/2016/dec/mortgage-interest-deduction-limit-per-taxpayer-basis.h...