- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
After you file
My problem is currently being discussed internally (case: 1 5 4 8 6 9 0 6 9 5 by Tonya)
token: 1 1 7 3 1 4 7 3 6 0 - 9 8 6 0 0 0 5 0
I was also audited by the IRS and had to pay interest and penalties (several thousands of $) because TurboTax didn't limit the mortgage interest. Note that in my case the mortgage interest is prorated from ScheduleE (an AirBNB room rental on my primary home) but the problem is similar. The prorated mortgage interest imported from ScheduleE to ScheduleA Line 8a is not limited and greatly exceeds the IRS limit that should limit the mortgage interest to the first $750k of my loan.
‎April 2, 2025
4:12 PM