I had a 740K mortgage loan that got sold to another bank during 2019. When I enter info on the 2 loans, turbo tax incorrectly thinks I owe a total of almost 1.5M and have maxed out the mortgage interest deduction since it thinks my loans total over 750K.
How can I get turbo tax to realize the 740K got transferred to a second bank so the total I owed was about 740 (not twice that)? Turbotax is adjusting down my mortgage interest deduction since it thinks my loans total over 750K - how do I prevent this?
