You'll need to sign in or create an account to connect with an expert.
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 ?
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
whataboutzepa
Level 2
scottmia232
New Member
Mike1127
Level 3
theDoc
New Member
qualisquamurphy
New Member