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Mortgage interest deduction
I sold my primary residence home in Aug. 2021 and had interest of 29,000 on a 640,000 mortgage, and the existing mortgage was paid off. In Dec. 2021 I purchased a new home for my primary residence and had Mtge. interest of 514 on a mortgage of 480,000, When I add the new lender mortgage expense of 514, it triggers a limitation since the software appears to be adding the two mortgage balances together. Is this a bug in the turbo tax software?
March 20, 2022
2:11 PM