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New Member
posted Apr 6, 2025 5:55:02 PM

My mortgage interest on 1.025 M is showing the whole amount of $23000 instead of $18000 proportional

It should take the average mortgage balance and use the % method to arrive at the % that will be counted as deductible but it is not doing that.

0 2 420
2 Replies
Expert Alumni
Apr 7, 2025 12:24:18 PM

We value your input. TurboTax is aware of this issue and is currently looking into it. 

 

You can file an extension for your tax return using the instructions in this link: How do I file an IRS tax extension?  

 

An extension gives you until October 15 to file your federal tax return. To avoid penalties, you can file the extension and pay any balance due by the April 15 deadline. The extension is only for filing your tax return.

 

The desktop versions of TurboTax do not support e-filing of the Form 4868. However, you can use this link to file an extension: Free federal tax extension is now available.

Expert Alumni
Apr 9, 2025 6:42:00 AM

To take a closer look at the situation and issue a report to the development team if necessary, it would be very helpful to have a diagnostic copy of your tax file.  The diagnostic file will not contain personally identifiable information, only numbers related to your tax forms.  

 

If you would like to provide us with the diagnostic file, follow the instructions below and post the token number along with which version of TurboTax you are using and what states you are filing in a follow-up thread.  If possible, please post a screenshot of the token number or enter the number with spaces between each digit like 1 2 3... so that it will not be redacted.  

 

Use these steps if you are using TurboTax Online:

 

  • Sign in to your account and be sure you are in your tax return.
  • Select Tax Tools in the menu to the left.
  • Select Tools.
  • Select Share my file with agent.
  • A pop-up message will appear, select OK to send the sanitized diagnostic copy to us.
  • Post the token number here. 

 

If you are using a CD/downloaded version of TurboTax, use these steps:

 

  • Select Online at the top of the screen.
  • Select Send Tax File to Agent.
  • Click OK.
  • Post the token number here.

@rahulmoondra4207