My wife and I got married in 2020. We had some real estate transactions in 2020 to bring us together.
i bought my condo in 9/2017 and sold 3/2020. $300k mortgage remained and $4k interest paid in 2020
my wife bought her house in 6/2017 and sold in 3/2020. $700k mortgage remained and $6k interest paid in 2020
we bought a house together in 4/20. $1.1m loan and paid $18k in interest in 2020.
$13k in combined real estate tax paid
1 dependent child
combined income $600k split $400k and $200k.
Keeps giving me the standard 24.8k deduction. Haven’t dug in to see if it’s recognizing the interest.
thinking of looking at result of filing married separate if that might help?
