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Get your taxes done using TurboTax
Thank you for the reply and in concept that makes sense - still a bit perplexed why the TT software doesn't pick up on this. My only other question - I can reduce the amount to 750K, no issues but what is the calculation to reduce the interest. I could do something like - I reduced the principal by 5% percent therefor the interest would be 5% less but not sure that is accurate.
Last question (guess I had two) for the mortgages that are paid off I will enter a zero in box 2 - but at the end of the taxes when TT does a check it asks for an amount in the "beginning balance" box - what do I put there?
‎February 2, 2021
9:57 AM