I fully understand what you're telling me. My calculations match yours. However, Turbo Tax isn't coming up with the same numbers. I have two 1098's and it appears it recognizes the first one correctly. When I add the second (which adds nearly double the interest) it then reduces the amount of interest able to write off...which quite frankly makes no sense nor does it match the calculation you provided as an example.
To be frank, I believe there is a flaw in the software. If I were to combine the amount of interest from both 1098's to one entry (which I know I shouldn't do for accuracy), the amount to write off matches that of my calculation and yours. It's when entering two 1098's there is a problem.
