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2019 Limit Deductible Mortgage Interest Question Not working?
Hi...
Trying to enter all my Mortgage Interest for this year (in Step by Step mode) and I've run into an issue. I had a mortgage from 2018 that I refinanced in 2019. Both were for amounts under the 750K cap (right around 700k) with no money taken out on the refinance.
When I finish entering both 1098s, I get promoted with by TT with "Do these Situations apply to you" to determine if I need to limit the interest deduction. I select "NO, none of these situations apply to me" because, as I understand, I shouldn't be limited. However, the program seems to be updating the Tax and INT worksheet that my interest needs to be limited.
Anyone else seeing something similar or am I doing something incorrectly?
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‎January 22, 2020
4:18 PM