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TurboTax(2020 return) not calculate Mortgage Interest Deduction right for refi in 2020, causing choosing standard deduction not itemized. When will this be fixed?
I have a refi of 741K in 2020 for primary home. So I have two 1098s, mortgage interest total at $25658. After entering those two 1098s, TurboTax calculates mortgage interest as a $13xxx number, which is significantly lower than the real $25658. This is very wrong! I should be able to deduct all mortgage interest $25658. There must be sth wrong with TurboTax. Please advise a work around. And when will it be fixed? Thanks.
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March 5, 2021
2:11 PM