My Turbotax Premier is forcing me into the standard deduction, when I'd benefit from itemizing. The issue I believe is the new mortgage that is over 750K. My understanding is that a percentage of my mortgage interest is eligible for deduction, even when the loan is over 750K.
How do I get the software to make those calculations so that I get the right deduction? I also have the previous mortgage which I held for 2 months of the year (which was less than 750k). How can I reconcile all of this?
