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Deductions & credits
Enter the 1098 Forms and continue through the interview.
If you enter the forms in order, and answer ALL the questions correctly, the software can do the math, but it is a sensitive area.
I suggest (if you know you are not over the debt limit and the loans were used to buy, build, or improve the property which secures them) you can continue to the adjustment screen and enter the full amount of interest you are allowed to claim.
The TurboTax worksheets are part of your personal copy of your documents but are not transmitted to the IRS with your tax return.
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‎January 27, 2021
9:04 AM