The software incorrectly fills out the Pub 936 mortgage deduction worksheet when user has two 1098 forms for mortgage interest, one for a mortgage acquired before 2017 (but after 1987) for < $1,000,000, and one for a mortgage acquired after 2017 with principal > $750,000 (in the case where a home is sold and a new home is purchased). It sums both principal values under “mortgages acquired after 2017”. When the new, more expensive home is purchased late in the year, and very little interest is paid, it erroneously scales the fully allowable mortgage interest from the mortgage acquired before 2017 by the factor of the new 750K mortgage deduction limit over the current mortgage principal. This is incorrect.
Even worse, “completecheck” notices this error but gets caught in an endless loop because it points to the top of the Pub 936 worksheet (where filers’ names are listed) as in error, and no fix to names solves the problem. So then turbotax never exits complete check and you cannot file.
The software incorrectly fills out the Pub 936 mortgage deduction worksheet when user has two 1098 forms for mortgage interest, one for mortgage acquired before 2017 (but after 1987) for < $1M, and one for a mortgage acquired after 2017 with principal > $750K (in the case where home is sold and a new home is purchased). It sums both principal values under “mortgages acquired after 2017”. When the new, more expensive home is purchased late in the year, and little interest is paid, it erroneously scales the fully allowable mortgage interest from the mortgage acquired before 2017 by the factor of the new 750K mortgage deduction limit over the current mortgage principal.
Even worse, “completecheck” notices this error but gets caught in an endless loop because it points to the top of the Pub 936 worksheet (where names are) as the error, and no fix to names solves the problem. So turbotax never exits completecheck and you cannot file.
