Turbo Tax Premier says I have to adjust my mortgage deductible:
House 1:
Bought house in 2000
Refinanced in March 2012
Lived here until July 2020
Jan 2020 Balance: 109,388.09
Dec 2020 Balance 104,949.29
House 2:
Bought in March 2020
Moved in in July 2020
Have yet to sell house 1, it is vacant.
Beginning balance 540,000
Refinanced in October 2020
Beginning balance for new loan 404,000 I paid the mortgage down a bit during refinancing.
Dec 2020 balance 403,269.14
So I only have two loans, one for each home. But I think Turbo Tax is adding them up as three loans.
How do I enter this in Turbo Tax?
