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May 15, 2021
Question

I paid over $17k in mortgage interest in 2020, but Turbo Tax is saying on $12,083 is deductible. Anyone know why?

  • May 15, 2021
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1 reply

May 15, 2021

Please be aware the debt can’t exceed $750,000 (or $1,000,000 if the loan was taken before December 16, 2017) to get the full mortgage interest deduction.

 

Please see Can I deduct my mortgage? for additional information.

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