Deductions & credits
After checking your Tax file I was able to see the issue you are experiencing. However, this morning after updating TurboTax, I can see the deductible mortgage interest has been calculated correctly and you should be able to itemize your deductions.
- Revisit the Deductions and Credits section section
- Click Edit next to Lender's name
- Confirm you entries and make sure you are selecting This Loan is a refinance of previous loan and continue.
- When you select Yes to the additional questions (image below), TurboTax will calculate the deductible mortgage interest based on a $1M loan limit.
Please update your software and go over the Mortgage interest section. If you are still have any issue please post again.
