DHipple
Level 2

After 2.25 hours on the phone with 3 different techs I still have a problem. Background, I have a client with a refinance loan that originated in 2019. The client paid off old loan and took out a new one for $75,000 more. In 2019 the calculation was flawless reporting only 68.369% of the loan as deductible. Push forward to 2020 and not the same loan on the worksheet has $62,000 remaining of the non-deductible home equity portion of the loan. Based on my manual calculations only 63.484% of the loan should be deductible but Proseries has the deductible portion at 100%. Did I miss something in the tax laws that are now allowing all mortgage interest to be deductible regardless of how it was spent, or is there an error on Part 1 Line 7 of the

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