Yes, it appears your calculations are correct. If TurboTax isn't using the limit correctly, you can do some things to make sure the limit is used correctly.
- Manually adjust the rental interest: Since TurboTax incorrectly applies the full 17,679, you may need to override the rental interest deduction to 10,607 in the Schedule E section.
- Track the carryforward manually: TurboTax does not automatically carry forward disallowed rental expenses in this scenario. You may need to manually track the 7,072 and apply it in future years.
- Use the Forms Mode (Desktop Version): If you're using TurboTax Desktop, you can access Forms Mode, which allows direct entry into Schedule E and Schedule A. This might give you more control over the numbers.
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