1. Most of it. You can fully deduct the mortgage interest on both houses except for the interest paid for the months you owned both houses, for those months you could only deduct the interest on the balance up to $750,000. So if you paid $6,000 in interest for the year on the old house, you would only be able to deduct $3,000 of the interest because your balance would have been greater than $750,000. For the old house you will just enter $3,000 as your mortgage interest paid. Also, be sure that you enter your outstanding balance on the old house as $0 so TurboTax does not add the two balances together.
2. Yes, you will list them both as your primary homes if they were your primary homes.
@quezroc
Edited 3/2/22 @ 4:28PM PST
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