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Deductions & credits
Thank you DianeW777. Entering $1 for the balance of the 2 closed accounts (the program won't allow $0) does end up with the correct deduction for mortgage interest. I had also resolved it by overriding the limited amount of mortgage interest to report on Sch A in the Tax and Interest Deduction Worksheet. My purpose in pursuing this for so long is to advise Turbotax that this is a problem. The client shouldn't have to manipulate the numbers in order for the program to calculate the correct deduction. I assume now Turbotax is aware of a problem and will fix it with an update.
‎January 28, 2021
2:25 PM