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New Member
posted Apr 13, 2025 10:08:46 AM

I cannot get TT to recognize my manual adjustment to Federal interest deduction to account for limitation. I have tried to delete and enter. No luck

I had have two new mortgages in 2024 that combined exceed $750K. I need to manually override the TT mortgage interest to reflect the reduction. I enter the number in "Your Adjustments*" but nothing happens. Anyone else have this happen?

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2 Replies
Expert Alumni
Apr 13, 2025 10:13:50 AM

Do not do that.  You must reconcile it in the Step by Step process.

  • The 1098 (s) that were paid off when you got he new loan should show zero as a mortgage balance.
  • That will certainly reduce the amount you owe and may noy trigger the limitation.

New Member
Apr 13, 2025 4:47:08 PM

Correct. That is not the issue.