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Deductions & credits
It's not entirely (or even mostly) Intuit's fault. If you read the IRS Publication, you'll see that TurboTax is just implementing a literal translation of its instructions. The accountant I consulted agrees that sequential refinanced mortgages should be treated individually, not added together. Now the trick is how to do that in Turbo Tax.
‎February 26, 2021
4:32 PM