Hi,
I know this has been answered in various posts on the *value* to enter, but I can't figure out how to get Turbotax to calculate the percentage I should be able to deduct.
We refinanced with a cash out in 2021, I know the previous loan/new loan value (92.6%) and we didn't use the money for capital improvements (we painted exterior of house and purchased carpet), but Turbotax doesn't allow me to put in a percentage of our mortgage that should be deducted.
How do I make sure Turbotax is giving us the correct amount for our mortgage deduction (from the change in numbers, I don't believe it's giving us any deduction given the amount of interest we paid and the amount of cash we took out)?
Thanks!
