If our mortgage is above the standard allowed for our state, what line on the means test would we list the excess amount?
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If your mortgage allowance exceed the IRS deduction, then you would get $0.00 for a housing allowance. However, you are then able to claim the "entire" mortgage payment, including property taxes and insurance, on the secured debt portion of the means test!Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
Status: (Auto) Discharged and Closed! 5/10
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