KJ88
Returning Member

2024 Home Mortgage Interest Deduction worksheet with two mortgages, two homes

Hi, is anyone having an issue with the mortgage interest deduction worksheet for 2024?  I have two large mortgages, one pre-2017, not paying any principal, and one post-2017, paying principal.  The worksheet did not recognize the average 2024 balance of the pre-2017 mortgage, so therefore not limiting the interest paid.  The worksheet did recognize the average balance of the post-2017 mortgage.  I double-checked 2023, and the mortgage interest deduction worksheet did work properly for both mortgages, and therefore severely limited the deduction for 2023.  Not so for 2024.  Hey, not complaining, but I don't want a notice from the IRS, know what I mean?