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Get your taxes done using TurboTax
What I can’t figure out with the TT customer representative, is why the sequence of the interest deduction entered, changes the total refund. For example, main loan (1098) on primary home is $10,000. Added a Heloc (1098) on primary home is $1,000. Get refund amount.
Now delete both entries. This time, add Heloc (1098) on primary home is $1,000. Then add main loan (1098) on primary home is $10,000. Exactly the same scenario as above but different sequence. Refund is a little lower than above scenario.
TT Representative told me it should be the same refund amount. The sequence should not matter. She could not resolve it.
February 26, 2024
3:31 PM