TurboTax Premiere is doubling mortgage interest deduction for our Rental with 100% Rental Use for the Year.
Others who report having this problem were dealing with a property that was part personal use and part rental, timewise. That is not my situation. The property was rented for the entire year. So this issue does not involve a split between a deduction and a Schedule E expense. And it is only the mortgage interest that has this problem, not the property taxes or insurance, as others have reported. I do not know how to fix this. I thought I might have inadvertently entered the amount twice, but have reviewed manual input several times and find only one place where the mortgage interest amount is input. Is this a flaw in the software? The amount is doubled at the end of the "Rents and Royalties" portion where I am comparing 2022 income and expenses with 2023 (so it's quite obvious!). Will it also be doubled in the return? Or it this a flaw in this one report? I have not generated the return yet, so I don't know... Need help!
