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Get your taxes done using TurboTax
hi thanks for reply,
i did add up two mortgage amount and put 01/01/20 loan amount as mortgage principal balance but loan amount is over $750k, i didn’t calculate average mortgage balance though but at end TT only took around 81% of my total mortgage interest balance as deduction. i am wondering if it calculates it for us? i didn’t put in original purchase date though but i put in the original refinanced loan date which is 2019( so i guess it considered i got the home after that cut off 12/2017? i only put in 1st lender name though cuz i think IRS doesn’t see worksheet right?
i did it this way n TT checked as no errors. not sure if i did it right this way...
April 2, 2021
11:10 PM