wflord
Returning Member

Deductions & credits

@AnnetteB6 It's March 1st and I updated TurboTax Premier 2021 with the latest updates, and the program says my taxes are ready to file with the calculations guaranteed 100% accurate; however, the Mortgage Interest Deduction calculation is still wrong.  The deduction limitation percentage is applied to the cumulative interest, but the points are ignored.  The percentage is not applied to the points reported on the 1098 and not included on Schedule A Line 8a as specified in the IRS Pub. 963 instructions p14.