Hi,
I have a mortgage interest of 9141 and property ( real estate) taxes of $9664 ( school and to the county). With all other small items it totals $20,697.
I understand that my standard deduction of $27700 is the best for 2023.
why does the TurboTax software, say your standard deduction of $27700 is better compared to itemized $11000 something. Why is it not considering the total $20697 while calculating itemizing??? It’s not taking the mortgage interest into consideration???
am I missing something????
thank you
