When Is Mortgage Interest Not Deductible

May 9th, 2011

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Question: is there a case when mortgage interest paid is not deductible for taxes?

my parents did their taxes and they were told their interest paid was not deductible. i dont have all the details yet, but does any one know why this might happen?

Answer: like everyone mentioned, if the standard deduction is higher, this would be more beneficial.

also, if the mortgage indebtedness is over $1,100,000 the mortgage interest deduction gets reduced.

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