Deductions & credits


@NorthernPines wrote:

I'm fairly certain this is, indeed, a software bug on TurboTax's end.
that works out to $2,600 off your deduction

 

assuming you paid at least $10,000 in interest


Their calculations are currently deducting from the interest paid, 


 

 

Yes, that example would be $2600 off the the deduction

 

Did you pay $10,000 or more of interest?

 

Yes, the deduction is off interest paid.  In that example, if you paid $2600 or less of interest, and the deduction was reduced by $2600, your deduction would be $0.