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Deductions & credits
I am still having issues, I refinanced my personal home in 2020 and as a result, I have two 1098s from different lenders. I combined them together, as suggested to one but still my itemized deductions for mortgage interest of $21,676 drop down to $2012, and my expected total itemized deductions of $33,785 drop to $14,419 instead. As a result, TurboTax suggests converting to Standard deductions of $24,800 to get more refund. I had almost a similar situation in 2019 taxes but I didn't see any issue then. As you can see, I am losing $3-4K of refund because of this bug. Is there any way to override the calculated entries? Please help!!
March 25, 2021
5:12 PM