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Deductions & credits
When you enter your 1098's for your second homes(s), be sure to indicate that the first loan ended in March 2024, and the second loan started in April 2024, even if that info does not appear on your 1098.
Your mortgage interest should not be limited if your current loan balance doesn't exceed $750K.
You could either Edit or Delete/Re-Enter your 1098's.
Here's more detailed info on the Mortgage Interest Deduction and Tax Tips for Second Home Owners.
This link discusses the Ratio you are seeing for Mortgage Interest on your return.
If you're using TurboTax Online, close the program and clear your Cache and Cookies after editing/deleting.
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‎January 14, 2025
2:52 PM