Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
W
whlipscomb
February 7, 2021
Question

I refinanced a mortgage in 2020. The average balance from the "Statements provided by lender" method (Pub 936) is < $750K. How can I get TurboTax to use this method?

  • February 7, 2021
  • 1 reply
  • 0 views
TurboTax uses a different method that gives a result > $750K, reducing my mortgage interest deduction.  I am using Schedule A to itemize deductions.

1 reply

A
AlanT222
February 7, 2021

Some TurboTax customers are experiencing an issue with their Home Mortgage Average Balance. This can cause the Home Mortgage Interest to be incorrectly limited.

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

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
TurboTax Sign In Widget
TurboTax flag icon

Unlock tailored help options in your account

Create an account
TurboTax Expert Assist
TurboTax Expert

Get answers to all your tax questions

Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

Terms & ConditionsAccessibility statement
Intuit
TurboTax Credit Karma QuickBooks MailChimp

©1997-2022 Intuit, Inc. All rights reserved.
Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
of Intuit Inc. Terms and conditions, features, support, pricing, and service options
subject to change without notice.

Security Certification of the TurboTax Online application has been performed by
C-Level Security.

By accessing and using this page you agree to the Terms of Use.

Accessibility

TRUSTe nResult Certified e-File C-Level Security Certification