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Get your taxes done using TurboTax
Thank you. I accessed the Forms mode and was able to enter everything correctly, per Pub. 936. Turbotax then came up with the correct deductible interest amount, however it reported that # on Schedule A, line 8a, which should have been the higher 1098-reported interest (incorrect).
Is this OKAY to leave as is?
Since it is lower than the interest paid, it screws up my state return, which relies on Schedule A for their Mortgage Interest deduction (which is different than Fed-where deductible interest up to $1M is allowed)
Is there a mechanism to explain this line 8a on Schedule A? I can't find one.
‎January 27, 2022
11:32 AM