Deductions & credits

JoannaB2, 

Your response does not appear to be related to the issue at hand.

However, I just updated the software and noticed a new screen page that looks to address the  Average Monthly Balance calculation issue that I answered how to calculate last year. 

While I chose a weighted monthly balance, it appears they TurboTax is performing a different calculation.  Researching the issue, I couldn't find a hard definition of what method to use at is not defined by the IRS in their forms.

This new screen queries the proper question of how much your ending refi balance was and the date.  These are not included on the 1098s.  You have to get them from your loan statements or other loan payoff documentation.

Unfortunately, this problem was not addressed last year, so hopefully no one lost money over it.  I ended up manually entering the average monthly weighted balances.

Also, I am not a tax professional so  if I may be wrong about some things, this isn't my day job.