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Get your taxes done using TurboTax
It is possible that the mortgage interest is not deductible as entered. The main reason would be that you may have entered your mortgage amount as being over the $750,000 limit for married filing joint or $375,000 for a single filer. Also, if you have a home office deduction or rent out a portion of your home, you may have allocated all of the mortgage interest to the office or rental space.
If you are using desktop TurboTax, you can go to line 8(a) of schedule A and click on the magnifying glass icon and it will take you to the Home Mortgage Interest Worksheet where you can see how your mortgage interest is being handled and make adustments as needed.
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March 22, 2023
2:47 PM