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Level 1
posted Feb 4, 2021 9:30:44 PM

Turbo Tax is incorrectly reducing my mortgage interest deduction and I don’t know why.

I have a mortgage that’s less than $627,000 and paid $17,411.07 in interest. Turbo Tax is only giving me a dedication of $7,397.00. I meet all the criteria for the deduction and Turbo Tax doesn’t explain why they are reducing the deduction. Any ideas?

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1 Replies
Level 15
Feb 4, 2021 9:37:14 PM