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@randsom If you had an Original Mortgage and a Refi with home debt over 750K, you may be able to make one entry to prevent mortgage interest limitation.
If this applies, it should resolve your California mortgage interest issue.
Click this link for more info on Workaround for Limited Home Mortgage Interest.
My 2020 refinance replaced a $299k loan with a $297k loan. Well below the fed $750k and Ca. $1mil threasholds. For whatever reason TT auto filled a $-1850 for my California adjustment figure. It is my understanding that because I'm below the thresholds, this figure should be $0 or a positive correct?
It depends. Try combining both 1098's and report $299,000 in box 1 while combining mortgage interest, property taxes, points etc. See if that will remove the adjustment amount in your Ca adjustment figure.
I just ended up removing the negative number and put a $0 in the mortgage adjustment area in my California return. It's too confusing to try and "play" with the two 1098's to make it work. TT should be easier, not harder than paying a live preparer.
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