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Deductions & credits
@bjkjksjdsj If you are filing single or married-filing-jointly then the amount of mortgage interest that you are allowed t take a deduction on is the amount related to $375,000 in mortgage debt. If your home is worth more than that (or $750,000 if you're married filing joint) then TurboTax will attempt to adjust the interest deduction for you. As @doncamp1560 says above you may have to manually adjust it.
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‎April 12, 2022
2:37 PM