Hi,
Is turbotax calculating this correctly? I bought one home in July 2021 and another in June 2022, both as owner-occupied.
Home 1 (occupied Jan 1- July 13, 2022. rented out from July 13, 2022 onwards):
mortgage interest from 1098: $18,248.03
outstanding mortgage principal: $670,327.07
remaining balance at the end of 2022: $655,498.78
property taxes: $7013.05
Home 2 (bought June 2022, occupied July 13, 2022):
mortgage interest from 1098: $11,202.31
outstanding mortgage principal: $626,099.00
remaining balance at the end of 2022: $621,755.36
Turbotax says my adjustments are $17,164 (instead of the full amount of $29,450). Is this correct? Thanks
