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Deductions & credits
@VolvoGirl Thanks for the prompt and detailed responses. I have isolated the issue -- the software is not allowing me to deduct all of my mortgage interest. It is excluding the interest on my main home (we also have a vacation home). Total value of the homes < $750k. Total interest expense for 2020 is ~$15k. We refinanced our vacation home in 2020 so we received two Forms 1098 for that home. As such, I initially listed three separate 1098s on the return. Yesterday, I read a note on TurboTax that instructed me to combine the original and refi'd 1098s. I did that, but TT still does not allow deduction of our main home interest.
Thoughts??
‎April 8, 2021
7:10 AM