TurboTax always computes your deductions both ways ( standard and itemized ) and then suggests the best option for you --- but you can tell TurboTax which type of deduction you want to take, even if the other one was higher ( there are legitimate reasons for choosing one over the other besides the larger). And yes you can choose not to report/ recognize interest expense. Does that help ?
TurboTax always computes your deductions both ways ( standard and itemized ) and then suggests the best option for you --- but you can tell TurboTax which type of deduction you want to take, even if the other one was higher ( there are legitimate reasons for choosing one over the other besides the larger). And yes you can choose not to report/ recognize interest expense. Does that help ?
Thank you, PK. I thought that was the right answer. I know the standard is the better option for me and I don't want to track down/wait for my mortgage interest, vehicle registrations, etc. I just wanted to make sure I wasn't required to enter that information for some reason.