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Get your taxes done using TurboTax
I have the same problem with multiple 1098s and TT adding the loan values, but as of today, the home deduction worksheet is now completely kaput. The form doesn't even apply the wrong limit percentage to the wrong 'average' , it simply takes ALL the interest you paid from the 1098s and places it on the Schedule A - with no limits! This would be great if it was legal!!If you go into the Tax and Interest worksheet form, the entry for what limited interest should go to Schedule A is now a 'User Entry' field. Maybe this simply means TT is working the problem. Hope they get this fixed before someone assumes TT is correct and gets slammed with an IRS bill.
‎January 23, 2021
2:48 PM
11,971 Views