Thanks for the information. However, I am using online version which I think it is a bug or issue with the calculation. The total amount of mortgage interest both form 1098s + paid point to lower rate, were calculated correctly. But the "Adjustment" amount is incorrect. For example:
- Filing Status: Married Filing Separately
- Loan Origination Date: 2024
- Original Loan Amount: $423,360
- Points Paid to First Lender: $17,992.86
- Interest Paid to First Lender: $578
- Interest Paid to Second Lender: $7,029.13
the total interest + points = $17,992.86 + $7,029.13 + $578 = $25,600
since filing separately, IRS allow only $375,00 of loan debt, so $375,000/$423,360 x $25,600 = $22,675.73
Instead of $22,675.73 in the "Adjustment" box, it shows only $6,756.
Please help me to fix this issue. I have been using Turbo Tax for the last 7 years, don't want to use any others.
