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Glitch in the deductions and credits section
This makes no sense. I believe that there is a glitch in 2020 TT CD. I have two lines for my 1098. One is $20k and one is $7k. When I delete the $7k and leave the $20k, I will get MORE state refund. Federal didn’t change. When I add back the $7k with the $20k (total $27k for the two lines), I will get LESS state refund. Federal doesn’t change. How does that even make sense?
Now if I delete the $7k line and I go into the $20k line, edit and combine the two figures. I edit the number to $27k, both federal and state refund will increase quite a bit. Why does TT not increase my refunds when the two 1098 lines are separated, totaling $27k?
Why does tax purposes treat one line totaling $27k differently than two lines totaling $27k?
February 1, 2021
10:36 PM