sealtainn
Returning Member

Deductions & credits

I think there's quite a few limitations & bugs in the 2018 turbotax. I am using the same version as you, & Turbotax concluded "Good news! You can claim the $12k standard deduction" or words to that affect despite my having ~$15k in valid itemized deductions it to changed my mortgage interest to $0. I believe its because Turbotax can't handle my past refinances that cause my debt to be a mix of acquisition & equity debt. I'm no dummy, I can determine the percentage of acquisition debt to apply to my current load -- how come Turbotax can't?

 

Their questions/forms are quite obtuse. I'm having to file for extension for the first time ever after 32 years of filing returns. Looks like I'll be skipping Turbotax next year if it can't handle a scenario I suspect common for many.