panchoydalila
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I did find buried in the help section an area where Turbo tax recommends using the IRS publicationmanually calculating the deductible, and as you propose overwr...
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understood ' however then it does not match the 1098.thanks
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Unfortunately TurboTax online can't solve it. The right way to do it is to use the average acquisition method which is interest paid over the interest rate - as...
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Following pub 960 with the method proposed on then ottom of page 13 left, interest paid by interest rate method yields different numbers however is consistent w...
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thanks for your reply!No it is different for several reasons - that calculation is to determine the average mortgage balance, I already have that value - what I...
Activity Feed for panchoydalila
- Cheered Re: Why is turbotax not making the appropriate adjustments to mortgage interests exceeding 750K. It is wrongly calculating all mortgage interest as deductible and shouldn't for fanfare. December 11, 2021 7:06 AM
- Cheered Re: Is anyone having the itemized deduction interest section adding more $$ than entered in the questionnaire? for Critter-3. December 11, 2021 7:00 AM
- Posted Is anyone having the itemized deduction interest section adding more $$ than entered in the questionnaire? on Deductions & credits. December 10, 2021 8:08 PM
- Posted Re: Why is turbotax not making the appropriate adjustments to mortgage interests exceeding 750K. It is wrongly calculating all mortgage interest as deductible and shouldn't on Deductions & credits. December 10, 2021 7:37 PM
- Posted Re: Why is turbotax not making the appropriate adjustments to mortgage interests exceeding 750K. It is wrongly calculating all mortgage interest as deductible and shouldn't on Deductions & credits. December 9, 2021 7:38 PM
- Posted Why is turbotax not making the appropriate adjustments to mortgage interests exceeding 750K. It is wrongly calculating all mortgage interest as deductible and shouldn't on Deductions & credits. December 4, 2021 12:29 PM
- Got Cheered for Re: Calculating Average Mortgage balance for 2 loans. September 28, 2021 5:25 PM
- Posted Re: Calculating Average Mortgage balance for 2 loans on Deductions & credits. February 5, 2021 5:36 PM
- Got Cheered for Re: Calculating Average Mortgage balance for 2 loans. February 5, 2021 12:56 PM
- Posted Re: Own a vac home 10 yr-grandfathered. Bought/ sold primary 5/1-7/31, moved, bought 8/1. Loans are over 750,000 but only owned partially - how do I calc mortg int deduction on Deductions & credits. January 9, 2021 4:57 PM
- Posted Re: Own a vac home 10 yr-grandfathered. Bought/ sold primary 5/1-7/31, moved, bought 8/1. Loans are over 750,000 but only owned partially - how do I calc mortg int deduction on Deductions & credits. January 9, 2021 4:35 PM
- Posted Re: Own a vac home 10 yr-grandfathered. Bought/ sold primary 5/1-7/31, moved, bought 8/1. Loans are over 750,000 but only owned partially - how do I calc mortg int deduction on Deductions & credits. January 9, 2021 2:10 PM
- Posted Re: Calculating Average Mortgage balance for 2 loans on Deductions & credits. January 9, 2021 1:35 PM
- Posted Re: Calculating Average Mortgage balance for 2 loans on Deductions & credits. January 9, 2021 1:32 PM
- Posted Multiple mortgages - bought and sold same year, bought again - how do I calculate mortgage int deduction? on Deductions & credits. January 9, 2021 10:41 AM