Its fixed just go to top one TT Desktop where it says online select update.
Submitted and both Accepted at federal and state 1040 + Schedule C
Thanks to Intuit CEO and the Turbo Tax Team for getting it fix quickly.
*They should of created a global health posting to let us know vs having us rely on the blog. Maybe a pop up on top of TT of your submitting forms Schedule C or etc wait until 1/31 etc vs helpdesk giving out incorrect information.
I saw someone post support told you something about removing mortgage
If any of those reps told you to delete a form lets say mortgage interest or property tax (high home prices states CA NY etc) you probably want to review that because that is incorrect and you should add them back or else you can lose out on SALT tax and mortgage interest deduction so instead of filing with intemized deduction (gets you a larger refund) by removing those mortgage interest you now claim standard deduction and lose out on those potential deductions.
- 2023 Standard deduction is $13,850 for Single and $27,700 for married. As long your SALT w2 state tax+property tax is equal or above 10k and your mortgage interest is above 4k for singles file itemized, for married if mortgage interst is higher than 18k + 10k salt then you should itemized. * at todays interest rates mortgage interest puts most new home owners in a bracket where its beneficial to itemized even if your single but it also depend on the cost of the home + your states property tax. This might not apply to all folks. This is a scenario where you pay 5k in state tax from w2 + 5 k in property tax + your mortgage interest.
