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Deductions & credits
Thank you for your answer. However, there are two issues here:
1. You mentioned Form 1098T but I am talking about Form 1098. I think you simply mistyped.
2. When I follow your guide and enter information about my new mortgage lender and the interest I paid (about $400), the TurboTax incorrectly calculates itemized deduction. Before entering this info itemized deduction was showing around $28,900, and after adding this paid interest of $400, it drops to $24,900. And my tax due raises significantly. There is clearly an error in TurboTax software. I think I should better fill out tax forms myself without tax software this year.
‎February 13, 2021
7:14 PM