Скачать с ютуб Form 1040 Schedule A (Itemized Deductions) - Mortgage Interest Deduction and Limitations в хорошем качестве

Form 1040 Schedule A (Itemized Deductions) - Mortgage Interest Deduction and Limitations

Form 1040 Schedule A is completed to report itemized deductions for U.S. taxpayers. Homeowners are generally entitled to a tax deduction for mortgage interest paid on their principal residence, however, limitations apply if the average balance of the outstanding mortgages is $750,000 or more during the year. In this example, we have a taxpayer with a mortgage on his principal residence which exceeds those limits. So, he must calculate the reduced amount of deductible mortgage interest on Schedule A. For a larger database of tutorials, please visit our website and search for your question: https://knottlearning.com/ DISCLAIMER: The information provided in this video may contain information about tax, financial, and legal topics. Such materials are for informational purposes only and may not reflect the most current developments. These informational materials are not intended and should not be taken as tax, financial, or legal advice. You should contact an advisor to discuss your specific facts and circumstances. Self-help services may not be permitted in all states or jurisdictions. The use of these materials does not create an attorney-client or confidential relationship. This video does not include information about every topic or issue related to these informational materials. #ScheduleA #Form1040 #PropertyTaxes