
Anonymous
Not applicable
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
That’s really not possible with the information given to it. (One loan for sold home only active for part of the year, so it affects the total balance across both mortgages and therefore the deductible portion month to month—see IRS worksheet on the subject).
I’m fine with TurboTax trying to do this for the common case, but it needs to be more apparent that it’s reducing the deduction on my behalf. (Without having to look at the filled out return.) And there needs to be a way to simply override it without playing games with the inputted 1098 values.
January 6, 2023
6:18 PM