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Turbotax inexplicably reducing my mortgage interest deduction for 2021
I refinanced my primary home mortage in December 2020 with a loan balance of $473,000. My interest for 2021 was $12,053 (i.e., Form 1098 from my lender). I entered this amount in Turbotax and that amount shows up in Turbotax on the Home Mortgage Interest Worksheet (line 2a); however, when I look at Schedule A in Turbotax it has the amount on line 8a as $5965? Why is Turbotax showing a lower amount?
March 19, 2022
12:49 PM