Can I deduct mortgage interest? - TurboTax Support Video

Can I deduct mortgage interest? - TurboTax Support Video. APR vs Mortgage Interest How Is It Calculated

Can I deduct mortgage interest? - TurboTax Support Video video duration 1 Minute(s) 3 Second(s), published by TurboTax on 22 04 2019 - 19:49:48.

https://ttlc.intuit.com/ Can I deduct mortgage interest? If you itemize your deductions, you can deduct the interest from the amount of your mortgage that was used Good segment from the ABC, in which UBS chief economist George Tharenou says house prices are going to fall because the royal commission will make banks .

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https://ttlc.intuit.com/ Can I deduct mortgage interest? If you itemize your deductions, you can deduct the interest from the amount of your mortgage that was used to buy, build, or improve your main or second home. In order to be deductible, a few conditions must be met. Watch this helpful TurboTax Support video guide for more information on deducting mortgage interest on your taxes.

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~~~Video Transcript~~~

If you itemize your deductions, you can deduct the interest from the amount of your mortgage that was used to buy, build, or improve your main or second home. In order to be deductible, a few conditions must be met. The loan must be secured by the home. The home must have sleeping, cooking and toilet facilities, but it can be a number of different property types. If you rented out the home, you must meet the personal use requirement. Also, depending on when you took the mortgage, there might be limitations if the debt is more than $750,000 or $1,000,000. And if you're not on the loan or didn't make the payments, you should check for additional requirements. Mortgage interest is usually reported on a Form 1098. Enter yours in TurboTax, and we'll ask a series of questions to determine if you're qualified for the deduction. For more answers to your questions, visit turbotax.com/support