Does TurboTax calculate the mortgage interest deduction correctly? My 2022 federal tax return was audited. It appears that Schedule A has a larger deduction than allowed.

[MonikaK1]

We see that there appears to be an issue with the two pre-2017 mortgages not being included on the limitation worksheet in the proper section. We have submitted this issue for investigation, but it is not likely to be fixed by April 15th. You can choose to file an extension with payment of any estimated tax due, or file now. Thank you for bringing this to our attention.

@fernando.miralles.wilhelm 

[fernando.miralles.wilhelm]

Thank you for your response.

I have already filed my taxes for 2024, and of course for 2023.

Given that the figures reported for allowable mortgage deduction in Schedule A, line 8A as calculated by Turbotax are incorrect, I expect to be audited, or at the very least, receive a notice from the IRS with additional tax due. 

It is essentially the same error for my 2022 taxes, for which I was audited, and for which I had to pay additional taxes, fees and interest. Based on this discussion, I don't think this error has been fixed by Turbotax.

Please keep me posted on the outcome of your investigation.

[LindaS5247]

We value your input. TurboTax is aware of this issue and is currently looking into it. 

[fernando.miralles.wilhelm]

Hello: I am curious as to progress in resolving this issue. Please advise.

@LindaS5247 

@MonikaK1 

[sandrom]

After talking with 6+ TurboTax advisors and 12h+ hours on the phone where no one was able to figure out a solution for the software bug, I was told to find a local CPA to figure things out. I managed to find someone local (ironically from HR block) who confirmed that the TT mortgage interest deductions were wrong.

I ended up filing using Standard Deductions (loosing a couple thousand $ in deductions) to prevent another audit/fine from IRS like last year which was $3k+ (penalty and interest resulting from the underpayment).

I've little motivation to keep using TurboTax if all it brings to me is stress and no support. I'm really sad that I was unable to find a solution after so many weeks trying.