Thanks for your thorough example. But my situation on my home equity loan is not that complicated. Here are the numbers from the Line F 10/14/87 - 12/15/17 column of the Home Mortgage Interest Smart Worksheet. Interest paid in 2020 is available on the 1098 from the bank, which I did enter. So my questions are why Line 1 was not filled in by Turbotax and why Line 9 was not calculated? Or, if I was supposed to provide this information, why did I not get an error message? I did check No on Line C.
There was an additional complication that could have contributed to the problems. I did rent a room in my house, so not all of the numbers on the 1098 are attributable to my part of the home. But I still think that TurboTax had all the relevant information to do the calculations or provide error messages.
1 Interest paid in 2020: blank
2 Total points: blank
3 Beginning balance: 42156.66
4 Borrowed in 2020: 2376.62
5 Principal applied: 0.00
6 Ending balance: 44533.28
7 Average loan balance: Blank
8 Acquisition debt: 27035.00
9 Acquisition interest: blank
10 Deductible points: blank
Thanks for your interest and help.
