- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
Same thing happened to me. Almost exact same scenario as the original posters.
The second mortgage (which is much larger) results in a much lower "limitation percentage" on the Turbo Tax Deductible Home Mortgage Interest Worksheet and thus reduces my overall deduction. In other words, it would be better not to file the second mortgage. Must be a glitch in the Turbo Tax software.
March 24, 2024
2:54 PM