elevenss
New Member

TurboTax Seems Incorrect dealing with Mortgage Points

Hello,

I am using Turbotax for 2020 and had refinanced my primary home's mortgage five times in 2020 and paid points for two of the refinances. After entering all refinance data and completing everything else in my return, then doing the Federal return check, Turbotax kept saying that my points were limited. However, I am married and filing a joint return and our average mortgage balance was approx. $520,000, which is well below the $750,000 limit for this situation. I think Turbotax has a software bug in that section.