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Deductions & credits
You can revisit the Mortgage Interest section and review your entries in the interview questionnaire to confirm that the interest you entered would be treated as deductible. For example, if you didn't enter information regarding the principal on the loan, entered an amount over $750,000, or didn't select that the loan was secured by the home, this could affect the calculation of deductible interest.
You can also preview your return in TurboTax to determine what happened to the mortgage interest entries. See here for details.
See here for more information from TurboTax on mortgage interest and limitations.
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‎February 20, 2023
11:03 AM