The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Mortgage Interest Deduction Date:  3/13/2001  5:49 PM
Author:  lstokes1 Number:  48332 of 127753

I know you can only deduct mortgage interest on principle of $1,000,000. How do you calculate the interest that is deductible when the principle was over $1,000,000 at beginning of year and goes below it by the end of the year.

Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us