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Deductions & credits
Since you have multiple mortgage interest entries, verify that your entries are correct for the following:
- Outstanding mortgage principal as of 1/1/2019
- Mortgage origination date
- Mortgage acquisition date (if applicable)
- For the refinanced loan make sure you marked "Yes" to the question "Is this loan a home equity line of credit or a loan you've ever refinanced?"
TurboTax uses this information to calculate your mortgage interest deduction. Please see this TurboTax article for more information.
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‎January 31, 2020
11:52 AM