CourageouSTORM
Returning Member

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!