joroberts07040
Returning Member

Does TurboTax file the Home Mortgage Deduction worksheet with the IRS? Because it is incorrect

Hi. I received multiple 1098 forms this year because we sold and bought a house. Our new mortgage was sold. We also significantly paid down the principal on the new home loan after receiving the proceeds from the first. As a result, the "simple average" method that TurboTax uses for calculating how much interest is deductible is inadequate for our circumstances. To compensate for this, the desktop software allowed me to override the TurboTax calculation, which I did. But the Home Mortgage Deduction worksheet populated by the software has incorrect information. Does this worksheet get submitted to the IRS during online filing? And if so, how do I correct it?