I do stand corrected, I meant to say interest not property tax. My principal was 325K so that should be under the cap. My interest was 8464.00. I just do not understand why entering the principal value would would raise the amount of tax owed given it's under the 750K limit. I am self-employed and use itemize vs standard. Again I enter the interest value, the tax owed goes down, I enter the outstanding principal and it goes up, by over 2K, not a few dollars.
What other entry/factor causes interaction with the outstanding principal value?
Thank you.
