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Home Mortgage Interest Deduction
After completing the mortgage interest deduction, Turbo Tax indicated that I would have deduction of $27,273. This is less that the interest I paid, probably because the total mortgages exceed the $750,000 limit. I worked through the form 936 and came up with a similar number. However, when I checked Schedule A, TurboTax had entered $33,357, which is the total interest I paid rather than the $27,273 indicated by TurboTax in the mortgage interest calculation. Seems like an error in TurboTax
ā€ˇFebruary 11, 2021
7:15 PM