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Why can't TurboTax present the question in plain English?  What is "a residence of yours"?  Does TT know the difference between "a residence" and "the residence"?  Does it mean the loan can also be secured by other types of things or a non-residence property?   Thanks for posting the answer, nonetheless!😊

The IRS allows various methods to determine your average balance. Either way, the final average balance will determine the deductible interest. The formula is: Deductible Interest = Total Interest Paid times ($750,000 divided by Average Balance)   Here is my easy method - note you can make it more complicated* Interest for short term loan is limited: Deductible % for short term mortgage  $750,000 divided by $775,000} = 96.77% Deductible interest 96.77% times total interest paid Interest on refinanced loan is below the limit and fully deductible. Add the deductible interest for each loan for the total allowed.   *instead of using $775,000 as the average balance - you can refine it with the average balance for each month and divide by 3. It won't be a big change. You can use alternative methods in IRS Pub 936.  To determine your average balance, you need to determine which method you want to use and document your process. The link will show you the options and give examples. You do not qualify for average of first and last balance method or mixed use. This leaves two options.  The interest rate method may be your best bet but check the statements provided by your lender option as well.

The health insurance would not likely be considered a qualifying education expense because of its personal nature. It is similar to room and board which is not a qualifying education expense. That is likely why the university did not include it in box 1 on the Form 1098-T as qualifying tuition and related expenses.    This excerpt from an IRS article on qualifying education expenses explicitly states that insurance and medical expenses (including student health fees) are not qualifying education expenses.

@NCperson  @Hal_Al    1) Box 1 is $30,000. 2) $0. 3) Box 5 is $25,000.   I think I'm confused because I've been checking the "I paid a different amount than shown in Box 1" box since part of my tuition was covered by my merit scholarship. Should I not be checking that box?   Thank you!!

If you are finishing Step 3 in TurboTax ("Finish & File"), you will be asked to create a 5-digit Self-Select PIN to electronically sign your return. You can create the PIN yourself.   If you are referring to an IP PIN, it would be a 6 digit PIN issued by the IRS for identity protection.    If you were asked for an Identity Protection (IP) PIN it is because you, or a dependent of yours has been identified as a victim of identity theft, or you previously opted into the IRS IP PIN program for enhanced security.  If you have been assigned an IP PIN, you must use it, or your return will be rejected.  if the IRS has determined that you are a victim of tax-related identity theft, they will automatically enroll you in the Identity Protection PIN (IP PIN) program. They will mail you a CP01A notice containing a new 6-digit IP PIN. This notice is typically sent every year in December or early January to the address on your last filed tax return.   If you are trying to locate your IP PIN you can sign in to your IRS Online Account using ID.me on the IRS.gov website to retrieve your current IP PIN. Your IP PIN is available through your “Profile” page.  Retrieve your identity protection PIN (IP PIN)   Steps to Find Your IP PIN Online Go to the IRS Get an IP PIN page. Click Get an IP PIN. Sign in to your ID.me account (or create a new one, which requires a photo of your government ID and a selfie). Once verified, navigate to your Profile to view your 6-digit PIN.    Please return to Community if you have any additional information or questions and we would be happy to help.

This is not available at this time however there are several places to arrive at your estimated value for the donations of personal items.   For examples see the links below for a guide to assist. Salvation Army Donation Value Guide Valuation Guide for Goodwill Donors Any reasonable method will be appropriate, just keep the details with your tax records should you need it later. How do I use the Fair Market Value (FMV) tool to enter donations in both TurboTax Desktop and TurboTax Online? @johnsogs 

There will be no issues with the filing once you clear the error.  This is one of the few instances where an entry in one place creates a form or worksheet that you cannot simply clear by changing the answer in the interface. @AGP11    The steps for Desktop are: Switch to Forms Mode by clicking the Forms icon in the top right corner. In the left pane, look for "Startup Cost" or "Form 4562" (the amortization section). Select the form, then click the Delete Form button at the bottom of the screen.

Walk through the Pennsylvania (PA) return page by page to be sure you haven't missed any entry or questions. Also, be sure you step through the entire PA return so that all areas get processed. Once completed you should be able to see the PA return using the steps below as well.   From the left rail menu in TurboTax Online, select Tax Tools (You may have to scroll down on the left rail menu.) Select Tax Tools On the drop-down select Tools On the pop-up menu titled “Tools Center”, select View Tax Summary  On the left sidebar, select Preview my 1040  For TurboTax Desktop, change to 'Forms' and review the forms                       

How do you find this on the desktop version for mac. I'm not interested in accessing it through the search feature and would prefer to see it listed. I've been using TT for decades and this is now so buried and hard to find.      

Do you mean your Social Security SSA-1099 form?  That one you cannot import.   You have to enter it manually.   Enter a SSA-1099, SSA-1099-SM or RRB-1099  under Federal Taxes Wages and Income Then scroll down to Retirement Plans and Social Security Then the second line - Social Security (SSA-1099. RRB-1099) - click the Start or Revisit  button   After you enter it keep going.  There are follow up questions you need to answer.  Especially look for if you lived in a Foreign country.  Should be No.

If you are getting enrollment status must be entered in your TurboTax program, it usually happens in TurboTax when a Form 1098-T is entered without specifying if the student was at least half-time. Be sure to re-select your enrollment status (For example: at least half-time, full-time, or less than half-time).   To fix this, you can delete and re-enter your Form 1098-T using the steps listed below.   To delete Form 1098-T if you are using TurboTax Online: In your left panel of your TurboTax screen click on "Tax Tools" And then Click on "Tools" Click on "Delete a Form" Scroll through your list of Forms Click the garbage can next to "Form 1098-T"   To delete Form 1098-T if you are using TurboTax Desktop, you can: Click on "Forms" in the upper right of your TurboTax screen to switch to "Forms Mode" In your left panel scroll down and look for "Form 1098-T" In your right panel at the bottom of Form 1098-T, click on "Delete Form" Click on "Yes" to confirm the deletion. To re-enter your Form 1098-T and review your entries, you can: Click on Search at the top right of your TurboTax screen Type Form 1098-T in the search box Click on the link Jump to Form 1098-T and Enter Your screen will say Did you have education expenses? Answer Yes and Continue Your screen will say Tell us which person was a student in 2025 Answer and Continue Your screen will say Let's get XXX education info Was XXX working on an Associate, Bachelor or Graduate Degree Answer Yes and Continue Your screen will say Did XXX have any of these common situations in 2025?Answer and Continue Your screen will say Did XXX have any of these uncommon situations in 2025? Answer and Continue The following screen is What was XXX's enrollment status in 2025? Answer Full-time, At least half-time or Less than half-time and Continue Continue through your TurboTax screens and make sure all follow-up questions were answered correctly   In some cases, deleting the student as a dependent and re-adding them, then re-entering the 1098-T, is necessary to resolve the issue.   Where do I enter Form 1098-T (Tuition Statement)? Please return to Community if you have any additional information or questions and we would be happy to help.