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Get your taxes done using TurboTax
Also, if I follow the advice in the link provided, what would I enter for the amount of the outstanding mortgage principal? The amount of the combined/refinanced 2020 mortgage ($1,044,000), or the approx. $873K that I refinanced from my 2016 origination date mortgage loan, or the approx. $171K that I paid down on the separate HELOC? Also, what would I enter for the origination date (2016 or 2020)? If I enter 2020, does that mean I am no longer able to deduct the higher limit pre-2017 $1 million amount?
March 15, 2021
12:55 PM