anshenoy
New Member

Deductions & credits

Thanks for the feedback. I just got it resolved. Turbo Tax Cust Svc connect me w/ a live CPA to help and they walk you through how to workaround the software issue.

 

Basically, put outstanding principal to $0 for all your past loans and only enter it for the current loans. That will bypass Turbo Tax adding all your mortgages' principles both past and present which can put you over the $1M mark and default you to standard deduction.

 

Hope this helps you and others!