Does TurboTax have any way of implementing the guidance from Publication 936 that clearly indicated that, even if a mortgage origination date is after December 15, 2017, the debt is considered "incurred" prior to December 16, 2017 so long as certain conditions are met? TT is treating my mortgage interest deduction as limited because my mortgage (for >$750k but <$1M) was incurred in Feb 2018. However, the publication provides "a taxpayer who enters into a written binding contract before December 15, 2017, to close on the purchase of a principal residence before January 1, 2018, and who purchases such residence before April 1, 2018, is considered to have incurred the home acquisition debt prior to December 16, 2017." That is exactly my situation, which means I should be subject to the $1M cap, and my mortgage interest deduction should NOT be limited.
I can only get to the right deduction by choosing an artificially low "outstanding loan balance on Jan 1, 2021" and I can't edit any of the underlying worksheets to either indicate that the limit doesn't apply to me or to replicate the work from the Pub 936 worksheet. This is exceptionally frustrating.
