ljwalters Posted April 3, 2012 Report Posted April 3, 2012 Client had the type of mortgage where they paid less than the interest each month. Hence the accrued interest. Client did short sale of the home (personal residence). Loan is all acquisition debt except for the interest portion. This is a 1,000,000 loan so the interest is significant. How do you handel the intersest? Just use schedule A? Quote
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