Mortgage interest expense

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Reference no: EM13863543

Heather and Terry have a mortgage on their primary residence of $750,000, and a mortgage on their vacation home of $410,000. In 2014, they incurred $46,400 of mortgage interest expense. How much, if any, of that interest is deductible on Schedule A?

Reference no: EM13863543

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Mortgage interest expense : Heather and Terry have a mortgage on their primary residence of $750,000, and a mortgage on their vacation home of $410,000. In 2014, they incurred $46,400 of mortgage interest expense. How much, if any, of that interest is deductible on Schedule A?

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