I finally got time this evening to apply the TT update from yesterday and attempt to get TT to calculate my Deduct. Home Mtg Interest properly. As others have said in the last 18 hours - this is NOT FIXED.
Please contact me directly for more information - the TT Business Analysis and program specs are clearly way off because TT is not even asking for enough data points from the end users to make an accurate calculation.
I did get TT to reflect the accurate Deduct. Home Int. in my case, albeit in a ' kluged' workaround involving doing the average balance calc's for the 5 loan segments on my 1 property in EXCEL. Then I had to enter each loan segment's average into each loan's UI as the "Outstanding Mortgage Principal" box 2 and voila, the amount of deductible interest within TT is now right.
My hesitancy to file it this way is that the 1098 I received from the lenders does not match the values I entered into TT. Source file matching by a third party could create red flags and that is one reason I have used TT for years, to avoid such situations. While I will defend my number as 100% accurate - it is not specifically the data that I received from the lender.
So please have your Business Analyst contact me or any one of the other numerous end users on the forum that are having the same problem. We are dying out here for some feedback that is more concrete that we are working on it. Thanks for listening.
