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Interest Deduction
Bought a new main home in April 2019 and put the old home on the market. Moved in Nov 2019. Old home has not sold yet. I entered all interest information. Average balance less than $750k. I entered all interest information. When done and leaving section, program asks if either of two situations apply, since average balance less than $750k I check no. The program recalculates taxes. When I leave this section, the program recalculates again. It does not give me credit for the interest deduction (the interest amount pushes me into itemized deductions). If I go back, I have to re-check the "no" answer again. Why won't the selection stick? I am stuck in this loop. I have used TurboTax for years and never had a problem like this.
March 29, 2020
1:55 PM