Thanks for the detailed response! This seems like a fairly substantial issue for taxpayers (given that selling and buying during the tax year is a fairly common event -- and TT potentially follows Pub 936 to a fault).
I had an additional thought after re-reading Pup 936 in more detail:
Pub 936 states that "You have to figure the average balance of each mortgage" (page 12). I read this as I have to fill out Table 1 (page 11) for each mortgage -- this would make intuitive sense since during no months in 2023 did I have a mortgage balance in excess of 750K.
Could this do the trick? I LOVE tax season 🙂
Thanks!
