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URL:https://www.learndesk.us/class/5628576760070144/lesson/ea69d7707bdc2d9ac28459490250b703?ref=outlook-calendar
SUMMARY:Interest Expense
DTSTART;TZID=America/Los_Angeles:20260513T190000
DTEND;TZID=America/Los_Angeles:20260513T200000
LOCATION:https://www.learndesk.us/class/5628576760070144/lesson/ea69d7707bdc2d9ac28459490250b703?ref=outlook-calendar
DESCRIPTION: 
Interest Expenses
Mortgage Interest
So, for all homeowners, the interest that you pay annually on the mortgage of your home is deductible. Actually, your first and second home. This includes home equity loans and refinanced mortgages. A home can be a house, condominium, cooperative, mobile home, boat, or similar property. They must provide basic living accommodations including sleeping space, toilet, and cooking facilities. There are limitations as always.
The limits are divided between loans taken out on or before December 15, 2017, and loans taken out after December 15, 2017. If it was on or before the date interest cannot be computed on more than loan principal of $1,000,000. If it was after the specific date interest cannot be computed on more than the loan principal of $750,000. Both for Married Filing Joint status.
Interest Points
Points are shown on your settlement statement. Points shown on a settlement statement for the purchase of a new personal residence are usually...

https://www.learndesk.us/class/5628576760070144/lesson/ea69d7707bdc2d9ac28459490250b703?ref=outlook-calendar
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