I have a similar situation, but my 2nd property isn't a co-op. it's just a secondary house.
Primary house i bought in 2021 has $1M left as principal, so I can only deduct $750,000 worth of interest for this property.
I have a secondary house I bought in 2015, which has $500,000 as principal. I refinanced it in 2020 for the same amount of principal (not a cash out).
So I should be able to also deduct $250,000 worth of mortgage interest for the secondary house right?
$1M (before 2017 secondary house) minus $750,000 (2021 primary house) = $250,000
The turbotax software is limiting it to just the $750,000 for the primary house.
