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Get your taxes done using TurboTax
I also believe there is an error in this calculation, we refinanced a loan that was $360,000. We refinanced 3x last year, so there are four loans. Yet, On the 2020 Tax Breakdown page, in the "Amount Entered" column, the amount entered for interest paid was $13,904--yet the "Amount Allowed" was only $7,293. WHY? We don't meet any of the other criteria--having gone through all the other questions as to "why" we might not have received the deduction. This has to be a common scenario for those of us who were smart enough to continue to get lower interest rates throughout the year! HELP!
‎April 11, 2021
10:27 PM