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My combined mortgages exceed $750,000 but Turbotax is deducting all of my mortgage interest. This must be a bug...
I paid $35,882.79 in mortgage interest across two mortgages this year.
- Mortgage A: $19,066.08 mortgage interest on $673,438.69 starting balance
- Mortgage B: $16,816.71 mortgage interest on $750,000.00 starting balance
I know that TT is allowing me to deduct the full $35,882.79 because of the attached screenshot. Did I do something wrong? I entered in the starting balances of the two mortgages, so Turbotax definitely knows that my combined mortgages exceed $750k. What am I missing here?
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‎February 21, 2021
9:45 PM