There is a new question or two you have to answer to get the mortgage interest deduction. Like maybe put in your ending balance. Make sure you answer that the loan is secured by the property. Go back through that section.
One User said.....Two questions on the last two data entry pages for that item: one asking if the loan was secured by the property purchased with the mortgage (my home) and the next asking if the money had been used to build or purchase the home. I suspect both these are qualifying questions for deductibility.
Or is it maybe limiting your state and local taxes paid.
Which includes property tax, any state tax paid like for last year’s return and includes any state withholding from your W2s and any 1099s you have. And any taxes in W2 box 14 and 19 like SDI or VDI. You can only deduct up to 10,000 (5,000 MFS) for SALT State and Local Taxes.
