jmcglass
New Member
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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:

tt home mort int.JPG