lkkjburns
New Member

Deductions & credits

I have updated TT to the most current update.    I see not place to indicate that the loan is the refinancing of another loan.    When I answer no to the question no to the two questions (was loan over $1mm or $750k) then hit done, TT is changing the answer back to yes and limiting the deduction.    All we did is refinance the original mortgage from 2012 during 2019.  The average loan amount is above $750k in 2019, however since you look back to the date of the original loan, this limitation should not apply.    What am I missing?