thetaxdoctor
Level 1
10-11-2021
10:45 AM
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Hi,
If there is a client that has a mortgage that has an outstanding balance of $1.5 million. The mortgage interest is only deductible up to 750,000 balance of an outstanding mortgage so why is the software not limiting the deduction? The system is still deducting 100% of the mortgage interest, but shouldn't it be limited if the balance is above 750,000?
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