Ok, I worked through the interest rate method you suggested.
Interest Paid in 2024: $41,170.87 (used $41,171 for calc)
Interest Rate: 4.875%
TT entered deductible interest on return: $36,601
$41,170 / .04875 = $844513
$750,000 / $844,513 = .888
.888 x $41,170 = $36,559 vs TT entered $36,601 or $42 (Average method resulted in $577 difference)
Maybe they did use the Interest Rate method?
I have gone through every possible option in the IVR and since I don't have live support paid for, there is zero option to get a human being on the line.
I didnt get a notice that I owe more taxes or penalties but a CP28 notice saying they show and error and I need to correct or it raises my chance of an audit. It then talks about the $750k limit.
Any thoughts on best route to take to get a view of how they calculated and what numbers they used? I can't find any worksheets in the online version and can't get a hold of a human being.
Thanks!
