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Get your taxes done using TurboTax
Publication 936 also states "For each mortgage, figure your average balance by adding your monthly closing or average balances and dividing that total by the number of months the home secured by that mortgage was a qualified home during the year." This seems to confirm my interpretation. If my interpretation is correct, then TurboTax did not calculate it properly, and put me over the limit.
‎September 12, 2022
1:46 PM