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Mortgage interest calculation refi problems; TT crashes or disallows interest and points
I refied 2008 loan in 2022 so I have 2 1098's. Both have loan balances over $1M since it was a refi and so we have a $ 1M loan interest limit. Total interest on both > $25k + $5035 on the points on the refied loan. TT tells us "we're better off using standard deduction" and also disallows the interest and points!!! I got a system error and TT crashed 2x's. I have tried to input this data this 6 times over 3 days There obviously is a bug somewhere and TT can't calculate the mortgage interest deduction and points correctly. I AM VERY UPSET
March 23, 2023
8:21 AM