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Get your taxes done using TurboTax
I have two mortgages, one purchased prior to Dec 2017, and another purchased last May. In the, "Do any of these situations apply to you?" section, I answer no because in my case, each loan is below the limit of $1M and $750K respectively. Yet TurboTax doesn't seem to know about subtracting the prior debt from the $750K limit and incorrectly (I think) allows me to deduct the interest from both mortgages fully. I've checked the Schedule A line item and all the interest is there.
‎June 1, 2019
12:44 PM