KrisD15
Expert Alumni

Get your taxes done using TurboTax

Did the program first say the mortgage interest might be limited and then ask if you wanted TurboTax to figure it or if you were going to calculate it yourself? 

 

If you took out a Home Equity Line Of Credit, or refinanced and took cash out, the interest may need to be adjusted. TurboTax can do the math, but you need to enter how much cash was taken out and what you used it for. TurboTax also gives you the option of calculating it yourself. It SOUNDS like maybe you said you would calculate it yourself, and now the program is asking for the answer. 

 

Try going back through the interview questions for the 1098 and have TurboTax make the calculation for you. 

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