Hi Pros,
Hope all is well!
I get a question about the new $750k mortgage loan limitation for interest deduction.
If I got a mortgage in June 2018 for $1,000k and at the end of 2018 it went down to 900k. For the average loan balance method, should I use (1000+900)/2= 950k or (0+900)/2=450k to calculate the portion of the deductible mortgage interest?
Thanks a lot!