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Turbo Tax is not accounting for Mortgage interest and is only telling me I have 10.5K in itemized deductions. I paid 22K in mortgage interest. Is there something wrong?
Here are the allowed deductions I have:
Mortgage Interest and Refinancing $22,329.00
Property (Real Estate) Taxes $6,605.00
Child and Other Dependent Tax Credit $2,000.00
Donations to Charity in 2020 $929.00
Car Registration Fees $515.00
before the IRS added the new itemized deduction form it was allowing me to have 32k in itemized deductions.
Mortgage Interest and Refinancing $22,329.00
Property (Real Estate) Taxes $6,605.00
Child and Other Dependent Tax Credit $2,000.00
Donations to Charity in 2020 $929.00
Car Registration Fees $515.00
before the IRS added the new itemized deduction form it was allowing me to have 32k in itemized deductions.
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‎January 23, 2021
8:44 PM