- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
TurboTax is really having a problem dealing with 2 mortgages in the same year.
I refinanced in 2019. TurboTax refuses to give me credit for the mortgage interest paid. I paid more than 23,0000 in interest and more than 23,000 in SALT, plus charitable donations, so the standard deduction is not the correct choice.
After entering the 2 mortgages, and clicking done, it says "Congrats, you are getting a tax break for the interest you paid." It lies.
Turbo Tax is insistent I take the Standard deduction. If I tell it to use itemized it clearly shows no credit for the mortgage interest, wanting me to pay thousands more in taxes.
"Box 2 is asking the balance due on the loan as of 01/01/2019 "
Then why doesn't it just say that?
I tried putting in zero for the second loan. No help.
I tried deleting both loans and adding them back in. No help.
When I click on Forms, Schedule A, like 8a shows zero for Mortgage Interest. While I can see my other forms like the 1099s, neither of the 1098 forms are listed.
I have used TurboTax every year for the past 15 years.