Folks,
Just an FYI this problem persists for the 2020 returns. I am using the desktop application and it has been a real nightmare, I could of studied taxes and completed the forms long-hand in the time it has taken me to talk with TT do research etc. In my situation, I sold a home late last year and purchased another, and even my new loan sold the mortgage in the first month, so I have a total of five (5) W2s. I have entered zero into the mortgages that have been paid off, but in my situation my total loan amount exceeds 750K (by a little) and as soon as the 750K is exceeded it disallows all the mortgage interest deduction and gives me only the standard deduction. I have been told several things but none of them seem to make sense or accurately solve the problem.
Any help is appreciated.
