I Assume this is a mortgage on your main home? Ihaven’t used this section of TurboTax so I don’t know if the program is suppose to calculate it for you, but to do this manually:
Take the January 1 balance, let’s guess $110,000 and the mortgage limit of $750,000, your deductible interest was 68.1% of the total. At the end of the year, your interest was 71.9% deductible. Average beginning and ending to get a final number of 70%. 70% of 35529 is 24870.
