You are preparing a tax return and are wondering how
much mortgage interest expense you may deduct in the year 20xx. Taxpayers are
only entitled to deduct the qualified mortgage interest calculation of mortgage
interest. Exec-Amort™ Loan Amortization Plus for
Windows™ can be used as a tool to help you determine the amount of mortgage
interest expense that occurred during a given time frame.
Useful for any person or entity that needs to calculate mortgage interest for specific time periods.
When multiple properties are concerned, Exec-Amort™ can be used calculate the amount for each separate property. Check with the taxing authorities as to their interpretation of qualified mortgage interest.
The ability to deduct mortgage interest and the tax treatment of mortgage interest expense are subject to taxing authorities such as the IRS, state and local and other government entities.