- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Turbotax says my Mortgage Interest and Refinancing (Form 1098) needs Review, but when I click Review, it doesn't say anything is wrong!
I have two mortgages, both of them were for $750,000 or less. Turbotax doesn't indicate anything is wrong with either mortgage entry.
When I click Continue, it asks me if any of the deductible mortgage interest limits apply to me. I click "No, none of these situations apply to me" and hit Continue. It then asks me to enter my adjusted mortgage interest and points. The Original Amount says "$x" because that's how much interest I've paid across both mortgages. I enter the same $x in the "Adjusted Amount" because neither mortgage exceeds $750k so I don't need to adjust down. Then I hit Done. I'm taken back to the "Deductions
When I click Continue, it asks me if any of the deductible mortgage interest limits apply to me. I click "No, none of these situations apply to me" and hit Continue. It then asks me to enter my adjusted mortgage interest and points. The Original Amount says "$x" because that's how much interest I've paid across both mortgages. I enter the same $x in the "Adjusted Amount" because neither mortgage exceeds $750k so I don't need to adjust down. Then I hit Done. I'm taken back to the "Deductions
Topics:
‎January 31, 2021
9:11 PM