Form 14900 — Worksheet for Qualified Loan Limit and Deductible Home Mortgage Interest for Tax Years Beginning after 2017

Official source: IRS Forms, Instructions & Publications (https://www.irs.gov/pub/irs-pdf/f14900.pdf), retrieved 2026-10-03. U.S. Government work (17 U.S.C. § 105).

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(July 2020)

Department of the Treasury - Internal Revenue Service Worksheet for Qualified Loan Limit and Deductible Home

Mortgage Interest for Tax Years Beginning after 2017

Name of taxpayer Tax Identification Number (last 4 digits) Year/Period ended

Part I. Qualified Loan Limit

1. Enter the average balance of all your grandfathered debt. See line 1 instructions 1.

2. Enter the average balance of all your home acquisition debt incurred prior to December 16, 2017. See line 2 instructions 2.

3. Enter $1,000,000 ($500,000 if married filing separately) 3.

4. Enter the larger of the amount on line 1 or the amount on line 3 4.

5. Add the amounts on lines 1 and 2. Enter the total here 5.

6. Enter the smaller of the amount on line 4 or the amount on line 5

• If you have no home acquisition debt incurred after December 15, 2017, or the amount on line 6 is $750,000 ($375,000 if married filing separately) or more, line 6 is your qualified loan limit. Enter this amount on line 11 and go to Part II, line 12

• If you have home acquisition debt incurred after December 15, 2017, go to line 7 6.

7. Enter the average balance of all your home acquisition debt incurred after December 15, 2017. See line 7 instructions 7.

8. Enter $750,000 ($375,000 if married filing separately) 8.

9. Enter the larger of the amount on line 6 or the amount on line 8 9.

10. Add the amounts on lines 6 and 7. Enter the total here 10.

11. Enter the smaller of line 9 or line 10. This is your qualified loan limit 11. Part II. Deductible Home Mortgage Interest

Catalog Number 70235R www.irs.gov Form 14900 (7-2020)

Page 2

Instructions for Form 14900, Worksheet for Qualified Loan Limit and Deductible Home Mortgage Interest for Tax Years Beginning after 2017

Line 1

Figure the average balance for the current year of each mortgage you had for all qualified homes on October 13, 1987 (grandfathered debt). Add the results together and enter the total on line 1. Include the average balance for the current year of any grandfathered debt that’s part of a mixed-use mortgage.

Line 2

Figure the average balance for the current year of each mortgage you took out on all qualified homes after October 13, 1987, and prior to December 16, 2017, to buy, build, or substantially improve the home (home acquisition debt). If you entered into a written binding contract before December 15, 2017 to close on the purchase of your main home before January 1, 2018, and you purchased this home before April 1, 2018, figure the average balance for the current year for each of these mortgages. Add the results together and enter the total on line 2. Include the average balance for the current year of any home acquisition debt that’s part of a mixed-use mortgage.

Line 7

Figure the average balance for the current year of each mortgage you took out on all qualified homes after December 15, 2017 to buy, build or substantially improve the home. Add the average balances together and enter the total on line 7.

Line 12

Figure the average balance for the current year of each outstanding home mortgage. Add the average balances together and enter the total on line 12.

Line 13

If you make payments to a financial institution, or to a person whose business is making loans, you should receive Form 1098 or a similar statement from the lender. This form will show the amount of interest to enter on line 13. Also include any other interest payments made on debts secured by a qualified home for which you did not receive a Form 1098 on line 13. Do not include points or mortgage insurance premiums on this line.

Line 16

You cannot deduct the amount of interest on line 16 as home mortgage interest. If you didn’t use any of the proceeds of any mortgage included on line 12 of the worksheet for business, investment, or other deductible activities, then all the interest on line 16 is personal interest. Personal interest isn’t deductible.

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Catalog Number 70235R www.irs.gov Form 14900 (7-2020)