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This is an issue with Turbo Tax. Some TurboTax customers are experiencing an issue with their Home Mortgage Average Balance. This can cause in the the Home Mortgage Interest to be incorrectly limited. Please sign up here to receive notifications on when this will be resolved.
Click this link for instructions on How to Change from Standard to Itemized Deduction.
This may help you to see why the Standard Deduction has been selected for you.
If you View/Save your return, you can look at the worksheets to see the calculations.
No, that is not it. When I change to itemized, none of the $16,000 in interest is coming across. I have $11,000 in SALT deductions, but that is the only deduction that is being honored.
This is an issue with Turbo Tax. Some TurboTax customers are experiencing an issue with their Home Mortgage Average Balance. This can cause in the the Home Mortgage Interest to be incorrectly limited. Please sign up here to receive notifications on when this will be resolved.
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