John and Peggy Harris sold their house from May 7 to April 30 and made mortgage interest payments of $1,220. The settlement sheet for the sale of the house showed interest of $50 for the 6-day period in May until the purchase, not including the date of sale. 

What is the amount of your mortgage interest deduction?

Answer rating: 100% (QA)

To calculate the mortgage interest deduction we need to add up all the mortg... View the full answer