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New Member
posted Jun 6, 2019 10:20:25 AM

I bought a condo in December 2016. I did not claim the interest because I thought I could just roll that one month into my 2017 taxes. How can I fix this?

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1 Best answer
Level 5
Jun 6, 2019 10:20:26 AM

If you would like to claim the mortgage interest you paid in 2016 on your 2016 return that has already been filed, you will need to amend your return.  The interest may not arrive at an additional refund depending on your tax situation. Mortgage interest is claimed as an itemized deduction on Schedule C. See the TurboTax FAQ link below that explains how to amend your return using TurboTax.

https://ttlc.intuit.com/replies/5114064

3 Replies
Level 5
Jun 6, 2019 10:20:26 AM

If you would like to claim the mortgage interest you paid in 2016 on your 2016 return that has already been filed, you will need to amend your return.  The interest may not arrive at an additional refund depending on your tax situation. Mortgage interest is claimed as an itemized deduction on Schedule C. See the TurboTax FAQ link below that explains how to amend your return using TurboTax.

https://ttlc.intuit.com/replies/5114064

New Member
Jun 6, 2019 10:20:28 AM

That’s what I thought. If it is under a certain amount, do I still have to claim it? Or do I just always have to claim any amount of interest?

Level 5
Jun 6, 2019 10:20:30 AM

Its up to your discretion if you would like to claim any personal interest paid or not.