I’ve called in multiple times about this topic and found a coding error in Turbo Tax backend spreadsheet. When you refinance it considers the “Average balance” to be the average of 1/1/19 and 12/31/19 which is wrong (let’s say 2mil and 0) which is 1mil. Unless you refinanced on July 1st this is always going to be wrong. The number above is way off, but my “total debt” is calculated by TT as more than the home value and at least some check should trigger an error. Can TT fix this obvious bug so users stop seeing the issue? I’ve talked to two CPA agents who both promise a ticket starting in March but the SW still fails.
