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Get your taxes done using TurboTax
Thanks very much for the reply! It helps a lot.
I delete "entry under Deductions/Credits for Mortgage Interest, " and now the amount is correct. When I run the final smart check, it pops error shown in Schedule A Tax and Interest Deduction Worksheet (the attached image), that requires a non-zero value . (But there is no Mortgage work sheet already) Should I just proceed or use 1 dollar here?
Another issue is that in CA state tax does not have that 750k limit for mortgage intetest deduction, which means I will have different amount for itemized deduction for federal and state taxes. I had to manually overriden values in the schedule CA and CA's schedule E :(
‎February 20, 2025
11:55 PM