This answer has been verified for accuracy by an Intuit expert employee
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
I may have figured this out. (Note: I am using the downloaded version of TT.)
- Click on the View link on the top menu bar
- Click on Forms
- Locate and click on 'Tax & Int Wks' on the left hand side of the screen (under Forms in My Return)
- On the form, scroll down to the 'Mortgage Interest Limited Smart Worksheet'
- Clicked on the 'No' box, to the right of the question 'Does your mortgage interest need to be limited' (the No box had been checked). I copied a screen shot below for reference.
Now, when I look at the Federal Review, there is no difference between the Mortgage Interest 'You Entered' and 'You're Allowed'. And my Federal Tax Due is less than it was before I made the change.
This is a big glitch and TT should fix it.
SCREEN SHOT of the FORM view:
ā€ˇFebruary 22, 2020
11:05 AM