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January 31, 2021
Question

In the web version of Turbo Tax, how do I change the question "Does your mortgage interest need to be limited:" from yes to no? Better yet, why is it set to yes??

  • January 31, 2021
  • 1 reply
  • 0 views
I am tempted to enter the $750,000 limit for someone who is NOT married filing separately, but am unsure of what TurboTax will do then.

1 reply

WendyN2
February 3, 2021

Some TurboTax customers are experiencing the following error message when running the Federal Error Check "Check This Entry: Tax and Interest Deduction Worksheet: Limited Interest and Points must be entered". 

 

We are aware of this experience. If you're experiencing  the issue above,  please go here to receive email notifications when any updates related to this issue become available. 

 

Limited Interest Worksheet

 

Check This Entry: Tax and Interest Deduction Worksheet - Limited Interest and Points must be entered

 

Please note that the IRS is not beginning to accept and process returns until February 12th.