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Deductions & credits
Truthfully, no one answering here has the depth of knowledge to give a definitive answer. I don't know about the extra $4K for closing costs. Your mortgage deduction was originally limited to $1M of mortgage, so I think you've got the same limit now, given your circumstances. But I am definitely not an expert. Nor, apparently, is TurboTax.
March 12, 2020
6:43 PM