Turbotax keeps telling me that my mortgage interest deduction needs review. I don't have a mortgage, and thus didn't pay interest. There's no way to silence it. It feels strangely good to have exposed a UI bug where TT is upset that I own a house but don't owe a bank for it.
in general, "nominal" means "the number" and "real" is "whatever the numbers say, minus the inflation". If a bank pays 4% on deposits, but inflation is 1%, then the nominal interest rate is 4%, but the real interest rate is 3%. https://en.wikipedia.org/wiki/Real_versus_nominal_value_(economics) …
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