Hi,
We've $30K mortgage interest payment for about $900K mortgage in 2018. The loan was originated back in 2016. According to IRS rule: https://www.irs.gov/pub/irs-pdf/p936.pdf
higher limitations ($1 million ($500,000 if married filing separately)) apply if you are deducting mortgage interest from indebtedness incurred before December 16, 2017.
Somehow Turbo tax puts $0 in mortgage interest deduction and suggest standard $24K deduction, even though the itemized deduction should be more than $40K.
This seems to be a Turbo Tax bug.
Urgent help is needed! Any suggestion?
Thanks.
