Thank you for your response. I entered everything listed on all tax forms. When Turbo Tax has their checkpoints and the question of acquisition debt and FMV come up.... I get a little confused.
Acquisition debt- I entered the amount that was secured for our mortgage. That is accurate.
The FMV...It seems that last year I put the appraisal value that existed when we purchased our home in 2018.
This year... I put a value that was a little lower than the appraisal but higher than our secured mortgage. I put the price that we paid for our home. That seems to be a mistake. I should have put the appraisal form 2018 to be consistent? Correct?
The FMV today... is much higher than when we had our home appraised. I am wondering why Turbo Tax asks this question.
I am wondering if I need to amend my return since I entered two different figures last year and this one.
