Thank you thank you! I think I've almost got it now.
In your example, if refinanced in April wouldn’t the original be x4, and the refinance be x8 (not 9) since there are 8 more months in the year after the first 4? To apply this calculation for the refinance do I use box 2 from the original refinance (loan 2) or box 2 from most recent (loan 4)?
For the Heloc, wouldn’t I answer yes to “Is this the original loan used to buy your property?” .. Since all of this loan went to 10% down payment (to supplement the main mortgage).
Lastly, I went through each step carefully but was never prompted for steps 11, 12 or 13. I went back through the flow and those questions never come up. When I sum the outstanding principle for each of the three, I get an amount close to what I owed at the end of the year. This amount is above 75000. Yes Im not getting the mortgage interest deduction limit questions any more. Is this a bug?
