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Deductions & credits
I tried the method you mentioned below by "change my deduction" and TurboTax does not allow the mortgage interest deduction that was paid. The house balance is below the threshold of $750,000. It only picks up the state and local taxes (state income tax) that was paid but did not not allow the mortgage interest deduction or property tax paid. The correct total itemized deduction should be $21,840.10 but TurboTax is only allowing $10,500. Therefore, recommending the standard deduction of $18,650.
I paid for the TurboTax Deluxe software and did not expect this problem to persist.
May 1, 2021
2:19 PM