Have you reviewed your New York Home Mortgage Interest Worksheet? You should see on Part 2, line 2 that the program has calculated your interest deduction using a $500,000 limitation instead of the ...
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Have you reviewed your New York Home Mortgage Interest Worksheet? You should see on Part 2, line 2 that the program has calculated your interest deduction using a $500,000 limitation instead of the $375,000 federal. Line 1 shows the federal deduction which is calculated using a $375,000 limitation. Line 2 should be more than line 1. Where are you seeing that TurboTax is using $375,000 instead of $500,000?
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