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Deductions & credits
Thank you. I manually computed the correct ave balance numbers and calculated the allowable deduction amounts for both interest and points. At the end I manually imputed the correct numbers, and verified those numbers appear on my Schedule A form. Just concerned because the TT mortgage interest worksheets have the wrong calculations that TT derived. I 'm worried that the IRS computers will flag that if the IRS computers compares the two. I can justify that I calculated it consistent with the IRS 1040 mortgage interest Instructions. My interest+ points deduction calculations are lower than TT's incorrect numbers. And yes I will save my supporting paperwork. Art least I can finish my taxes now.
March 25, 2023
10:28 AM