austinyu94
Returning Member

Deductions & credits

@Bostondoc84@DianeC958 @reevesjeremy 

 

I'm running into the same issue right now. If I type everything in correctly (box 2 figures), Turbo Tax eliminates the interest paid on the mortgages all together and pushes me into the 'standard deduction' category. I put $0 in the box 2 question for the newer loan on my refinance, and the issue is gone.

 

For a program I'm paying for... TurboTax really needs to fix this issue. Someone who doesn't understand the tax system may accidentally go for the standard deduction route when they are entitled to itemize all of their deductions. 

 

For people who did this workaround last year, did any problems come up?