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Deductions & credits
From TT help screen "Note: if you purchased your home in 2021 or refinanced it to make improvements, we'll deduct all your points on your current tax return rather then amortize them over the life of the loan"
My 1098 shows 12/30/2021 in box 3 (Mortgage origination date) and in box 6: 9points paid on principal residence) in the amount of $4276.43.
TT did the calculation and congratulated me on my $ 1.00 deduction???? A significant difference!
How do I correct this problem in TT's calculation in the next 24 hours?
‎April 14, 2022
10:58 AM