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Why is Turbo tax using my prior year interest expense carryover to offset my $2,000 in bank interest when the standard deduction should apply? I have no other income.
Is there a way to force Turbo tax to use the standard deduction to cover my only income of $2,000 bank interest instead of Turbo tax pulling from my prior year interest expense carryover asset? I want to keep the carry over asset and the standard deduction more than covers my income this year. My itemized deductions are even higher than the standard deduction but Turbo tax won’t let me override the standard deduction and itemize instead.
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March 14, 2024
8:53 AM