Deductions & credits

@Cynthiad66 @cht1951 

 

FYI, while this move suppresses the error it creates other possible issues as it ignores the fact that the average (arithmetic mean) balance of the mortgages (which is what the IRS requires) is not being reported. Rather, you are just selecting one essentially arbitrarily. One one hand, this will probably not change the end result deductible mortgage interest (likely your goal), but TT should fix this so you don't have to fudge the data to work around the code error. More importantly, for a subset of users near the deductibility limits, this method can easily create inappropriately high or low deduction claims. Regardless, I certainly don’t think it is wise for TurboTax employees to be suggesting users intentionally feed the program erroneous data.

 

See several recent threads and posts I have posted in (you can click on my username I believe) - there is an entire community of people experiencing this issue and I would suggest waiting to file (if able) until a definitive resolution is offered. Just my $0.02 after having spent hours and hours digging much deeper into this than I ever wanted.