You can work this in the online version of TurboTax. You should enter the box 2 information as it is on the form 1098s. TurboTax will subsequently ask you if you exceed the mortgage limits or not.
- Mortgages that were taken out on or before December 15, 2017 and they total more than $1 million ($500,000 if Married Filing Separately).
- Mortgages that were taken out after December 15, 2017 and they total more than $750,000 ($375,000 if Married Filing Separately).
If you do not exceed the limits, then you select "No" for this question in TurboTax Online and your mortgage interest deduction will not be limited.
If you select "Yes", then you will need to manually calculate the mortgage interest deduction using table 1 on page 12 in publication 936 and enter the amount in the box provided.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
