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Why is Turbo Tax limiting my Itemized Deductions to $10,000 for Federal Return?
I have itemized deductions that total an amount higher than the standard deduction, however TurboTax is limiting that amount to $10,000. Is this an error? This is happening before I even get to State Taxes. This is happening in the federal deductions.
EDIT: For more information, I have Mortgage Interest well over the standard deduction. When I go to check out my mortgage information in TurboTax, it is saying I have $0 in interest. I believe this is an error. How do I get this fixed?
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‎January 26, 2021
10:51 AM