11505
The following diagnostic is generating:
The fair market value of home(s) related to the loans entered in the excess mortgage input section of screen 25 is required in order to properly calculate line 7 of the State "Worksheet to Figure Qualified Loan Limit and Deductible Home Mortgage Interest."
Solution:
1. Go to the Detail tab, select screen 25 Itemized Deductions. 2. Scroll to the Excess Mortgage Interest section. 3. Enter amount in field FMV on date last debt secured; Code 493.Critical, won't prevent e-file transmission.
