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Deductions & credits
The California state return is not working. I have two 1098: the original one 1.2M and the refinanced one 1.1M. I entered both as it is in the federal and when it gets to CA, it calculates the average loan balance as 1.2M/2 + 1.1M = 1.7M, which makes 1/3 of my mortgage interest not deductible in CA.
Why can not TT fix such a common issue? maybe I should switch to another software next year.
March 7, 2020
12:26 PM