There is a "Help Link" that explains the fact that averaging is an option, but not supported in the TurboTax program.
You may use that process, select "Yes" to the screen that asks if your interest is limited and then proceed to enter the allowable interest, up to the full amount.
According to the IRS:
“You have to figure the average balance of each mortgage to determine your qualified loan limit. You need these amounts to complete lines 1, 2, 7, and 12 of Table 1. You can use the highest mortgage balances during the year, but you may benefit most by using the average balances.”
IRS Pub 936
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
