This is a clever approach. It's obvious to me that TT completely over-simplified their approach to adequately capture the essence of the tax law regarding limits to mortgage interest deduction. How naive of them. My guess is that they will not have the fix available for the tax filing deadline next month. Their 1098 entry screens are way too simplistic to adequately describe the various scenarios and link various 1098's together so as not overstate total mortgage principal. It appears that the tax law has out-matched Turbo Tax.
