I own two homes - where I live and a beach house. My total mortgage balance between the two is just under $707k, notably under $750k. I paid $31k in mortgage interest, but TT is saying I should use the standard deduction. My mortgage interest alone is more than that. Add in my $10k of state and local and my charitables, and I am way over the standard deduction. When I toggle to itemize, it shows only about $20.
Have I entered something incorrectly or do I misunderstand the rules?
Thanks.
