TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Level 2

Question

Home Mortgage Interest

Forum|Forum|6 years ago
July 17, 2020
3 replies
29 views

Looking at the forms generated by TT Premier.

In "Federal Taxes" - "Deductions & Credits" - "Mortgage Interest, Refinancing, and Insurance", I entered under "Mortgage Lender" the bank and then the interest amount of 2941.41.

Looking on "Schedule A" - "Itemized Deductions" - "Interest You Paid" - No-8a Home mortgage interest and points. There is a zero value entered.

I don't understand how this would be correct?

Not A Product Question

Level 15

There is a workaround for this.

For desktop versions:

In Forms view, locate and click on Tax & Int Wks on the left from the forms list
On the form, scroll to Mortgage Interest Limited Smart Worksheet
Click on NO to the right of the question, Does your mortgage interest need to be limited

Level 2

Thank you but I don't understand why I would have to do this?

Did I answer something incorrectly?

Level 15

@sraines wrote:

Thank you but I don't understand why I would have to do this?

Did I answer something incorrectly?

That is a bug in the software.