Hi!
I had this problem too except I bought a home in 2020 and was not able to sell the second one until early 2021 so I did have two mortgages (the second mortgage STARTED 12/28/2020- and that additional mortgage combined with my original mortgage put me over 1.2m. I submitted my return and after reviewing it I noticed that the standard deduction was used and I could not figure out why. Now I am hoping to amend my return because I do believe I lost a significant portion to the deduction calculating incorrectly. Did anyone else have to amend their return for this?
I saw your note to create a separate google sheet for this. Considering the second mortgage was only around for 3 days - of the year - could I essentially just leave that second mortgage off the calculation completely? Otherwise - would I just calculate how many days throughout 365 I actually maintained a specific mortgage balance? I'm hoping to amend my 2020 return.
@GSD77 Any thoughts?
