VAJOHN
New Member

Mortgage Deduction-Married Filing Separately and Refi

I file Married Filing Separately. When I enter the information from the 1098s for two mortgages refinanced in 2020 and the current mortgage, do I enter only the share of the mortgage and mortgage interest that apply to me? So for example, if my total new mortgage was $600,000, would I enter $300,000 for the mortgage amount if my wife and I are sharing the mortgage interest equally, then enter half of the total interest payments? If I don't, then my interest deduction is being limited. Also, do I seem to have to use the worksheet and override the number of months each of my mortgages was applicable for 2020, the first two for one month and the new one for 11, then manually recalculate the average mortgage for each of the three. This doesn't seem like I shouldn't have to do this but can't find another way. Anyone else having similar experiences and/or solutions?