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$40k mortgage interest why does TT tell me to take the standard deduction?
Bought in 2024, loan $655k, mortgage interest nearly $40k. (Yes high interest.) Primary home.
I have some self-employment income but not sure how that is relevant. I am mostly unsure why I can't deduct the $40k and why TT say to take the standard deduction. Married, head of household. Max SALT, too.
‎December 17, 2024
2:10 PM