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Sisyphus
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Does Turbo Tax account for my federal mortgage interest being based on a total mortgage that is over $750,000 or do i need to adjust my mortgage interest manually?

 
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Does Turbo Tax account for my federal mortgage interest being based on a total mortgage that is over $750,000 or do i need to adjust my mortgage interest manually?

Yes, TurboTax will make the adjustment for you when your loan is for an amount greater than $750,000. 

The program will calculate the amount of interest on on the excess. 

For more information, follow this link: 

https://turbotax.intuit.com/tax-tips/home-ownership/deducting-mortgage-interest-faqs/L4a9KF9mI

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Does Turbo Tax account for my federal mortgage interest being based on a total mortgage that is over $750,000 or do i need to adjust my mortgage interest manually?

Yes, TurboTax will make the adjustment for you when your loan is for an amount greater than $750,000. 

The program will calculate the amount of interest on on the excess. 

For more information, follow this link: 

https://turbotax.intuit.com/tax-tips/home-ownership/deducting-mortgage-interest-faqs/L4a9KF9mI

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