3632558
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes - One Big Beautiful Bill on Aug 6! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

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.
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
LindaS5247
Expert Alumni

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

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.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
AnnetteB6
Expert Alumni

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

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 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question