Deductions & credits

Token Number: 714711

Turbotax 2020 for Mac (CD/Download)

Application: 2020.r14.034

Build Date: Jan 23, 2021 at 10:12:48 AM

 

Note the error on the "Deductible Home Mortgage Interest Worksheet" where a mortgage held from January through mid-February is listed as having "12" Months loan oustanding.

 

Even if I override this "12" into a "1" or "2" the "average balance of debt acquired after December 15, 2017" is computed as a simple sum of the "average balance" of each of the two mortgages.

 

In reality, I only held both mortgages simultaneously for 7 days, so the "average balance of debt acquired after December 15, 2017" should be only slightly more than the sum of the "average balance" divided by 2.