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Deductions & credits
and if you refinanced that mortgage in 2020, there are bugs in the TT software that may be reducing your mortgage interest, even if your mortgage is below $750,000 (or even $1,000,000).
@BillM223 - if you have a $1,000,000 mortgage from pre Dec-2017 and refinance that with no cash out, the 'acquisition debt' doesn't change, so all the interest remains deductible. The $750,000 limit does not apply in that case. That is part of the 'bug' problem in TT with multiple board posts complaining.
‎April 23, 2021
6:18 PM