Question

Is there an error in property tax calculations on the deduction type selection page?

Forum|Forum|5 years ago
March 3, 2021
1 reply
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My deductible property tax is $3900 but the page that chooses between standard or itemized deduction incorrectly reports it as $10000. The result is that it claims I should itemize when I shouldn't. I think it might be double counting my mortgage interest which is around $7000 but also included separate from the $10000 tax line.

TurboTax Premier Online

WendyN2

If you imported your 1098 information and feel there is an error, I definitely would suggest that you delete out the imported version and manually type in the information directly from your 1098. This year we (not just TurboTax but many tax prep software programs) are seeing a lot of discrepancies in what is actually on the 1098 versus what is getting imported into the tax software. This could be due to a number of factors, but from what I have been hearing it is mostly due to financial institutions trying to keep up with the changing requirements of the IRS and their electronic versions of the forms. It is a little more work, but unfortunately it is the best way to ensure your information is being transmitted by TurboTax to the IRS correctly.