Hi Joanna,
I understand I need to report it all, and I am. The problem is TurboTax isn't doing the math correctly. My situation - I refi'd the original mortgage and a HELOC totaling $700k with a new mortgage at $800k. My average mortgage balance for the year is less than the $750k duduction limit. The problem is TurboTax treats it as if I had $1.5 million in mortgages and is only letting me write off half of it, because of the $750,000 limit. I know this is not correct but so far haven't found a solution. Several people are having the same issue.
