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Deductible Mortgage Interest - Average Loan Balance
On the screen, it says "You may need to limit the deductible mortgage interest on your home acquisition debt if any of these situations apply:
- Avg Loan Balance exceeds $1M....
- Avg Loan Balance Exceeds $750k...
Then you choose if that does or doesn't apply to me. When I select that it doesn't, which is accurate, my Federal Tax Due calculator updates to a refund. However when I click continue, that refund goes away to a balance owed. Not sure what's going on there.
March 24, 2020
12:51 PM