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The notice you recieved should have given you a phone number to call for assistance with this issue.
I called the helpline, and they helped me with the fix. Go to forms and open Tax & Int Wks. Scroll down to Mortgage Interest Limited Smart Worksheet. On the line "Does your mortgage interest need to be limited" use override to change the answer from No to Yes. Only do this if you are positive that your average mortgage balance if over the limit.
The notice you recieved should have given you a phone number to call for assistance with this issue.
Make up a 1098 with a small outstanding balance but interest of 18K.
Schedule A and your itemized deduction amount should then be correct.
@Anonymous
I called the helpline, and they helped me with the fix. Go to forms and open Tax & Int Wks. Scroll down to Mortgage Interest Limited Smart Worksheet. On the line "Does your mortgage interest need to be limited" use override to change the answer from No to Yes. Only do this if you are positive that your average mortgage balance if over the limit.
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