topic I made an error recording my interest for my mortgage. My actual interest was 4,427.00. I put in 45,683.00 on an 80,00 mortgage. Why didnt T.T. Pick that UP? in Deductions & credits

I made an error recording my interest for my mortgage. My actual interest was 4,427.00. I put in 45,683.00 on an 80,00 mortgage. Why didnt T.T. Pick that UP?

triglide19 — Tue, 04 Feb 2020 15:40:09 GMT

Re: I made an error recording my interest for my mortgage. My actual interest was 4,427.00. I put...

ReginaM — Tue, 04 Feb 2020 19:15:41 GMT

Your 1098 information is not matched up to governmental documents in TurboTax. If you haven't already filed you can correct this in TurboTax by following these steps:

Select Search in the top right hand side of your screen,
Enter Mortgage Interest,
Select Jump to Mortgage Interest,
Select Edit next to your Mortgage Lender.

Re: I made an error recording my interest for my mortgage. My actual interest was 4,427.00. I put...

triglide19 — Thu, 06 Feb 2020 11:53:48 GMT

I have already filed tax return. IRS has accepted it. Will they catch it with the 1098? Or do I have to amend return?

Marcy

Re: I made an error recording my interest for my mortgage. My actual interest was 4,427.00. I put...

Hal_Al — Thu, 06 Feb 2020 14:15:38 GMT

You can only wait and see. Normally there would not be any 1098 matching at filing time; so you will probably get your full refund. Then you will have to amend.

With that large amount, there is a possibility of a hold up.

Re: I made an error recording my interest for my mortgage. My actual interest was 4,427.00. I put...

triglide19 — Fri, 07 Feb 2020 12:39:32 GMT

Maybe in the future it should be. So someone else wouldnt find them else in the same position. I just dont understand why T.T. didn t pick up on this. $80,000 mortgage, $40,000 in interest. Its obviously a typo. I know i am obviously partily to blame for this for not reviewing the my 1040.