Disclaimer: tax professional and instuctor, but don't take what I say as absolute gospel. Publication 17 has a nice discussion about this, with a reference to Pub. 936 for even more info.Generally, mortgage interest is deductible except in the following situations:1) Your home acquisition debt (incurred to buy, build or improve the home) is more than $1 million, or $500,000 married filing separately; or, 2) Your home equity debt (incurred for purposes other than to buy, build or improve) is more than $100,000 or $50,000 married filing separately.If you do meet one of those situations, Pub 936 has the information on how to compute how much you can deduct.Hope this answers the question.Mike
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