my filing status: single with no dependents
I have $13K in mortgage interest (loan under $750K) + $5300 in property tax + $5880 in state tax for 2018. All these amounts were entered into my 2018 Turbo Tax detail. The online program is making me select the Standard Deduction of $12K. As I understand the new 2018 tax law the mortgage interest I paid above is allowed for itemizing in full. The state & property tax would be capped at $10K. Therefore I should be itemizing on Federal for a total of $23K. Why is Turbo Tax forcing me to take the lesser $12K Standard Deduction amount? I tried the same inform on H&R Block online and they got it right. What gives Intuit?
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Try this: In your open return, type 'itemized deductions, choosing' in the search box then select the jump to link. Include the comma after 'deductions,' in your search term.
Standard deduction is 24,000 if you itemize it must be over that or it will tell you to take standard
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