turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

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

Dougdman
Returning Member

Hello folks ... I refinanced a jumbo loan in 2020. The IRS worksheet shows all interest is deductible and not subject to the $750K limitation. Turbotax limits it and will not let me manually input the full deduction. Please advise? Thanks

 
Connect with an expert
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.

1 Reply
AmyC
Expert Alumni

Hello folks ... I refinanced a jumbo loan in 2020. The IRS worksheet shows all interest is deductible and not subject to the $750K limitation. Turbotax limits it and will not let me manually input the full deduction. Please advise? Thanks

These are your taxes and you want them done right. Lie to the program. The schedule A only shows the deductible mortgage interest. All the extra stuff is used to calculate those limits for you. Put in a lower balance so the program won't limit your interest.

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

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies