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Business & farm
Note your interest payment allowed for deduction on schedule -A is limited to that on only up to $750,000 principal. So TurboTax should have asked you for the 01/01/2018 and 12/31/2018 principal balance to compute and average principal balance and allow only interest on that. Was your principal due more than $750,000 for 2018 ?
‎June 1, 2019
10:46 AM