Hi all,
I refinanced a mortgage in 2020 and have a total of $21k of interest to deduct. When TurboTax is reviewing my forms it says I need to enter an amount of Limited Amount to report. For some reason the "Does your mortgage interest need to be limited" keeps defaulting to Yes. The mortgage amount is below the $750k limit, so I think there is a glitch.
Turbotax must be using the combined mortgage amount (which would be over $750k) of my two 1098s.
Is anyone experiencing this? Any TurboTax representatives know if this is a known issue and if there is a patch for this?
thanks!
