MarilynG1
Employee Tax Expert

State tax filing

You are correct that you should be able to deduct the full amount of your Mortgage Interest in California, since your loan threshold is under 750K. 

 

You should not have to calculate any adjustment. 

 

Make sure all your 1098 entries have a Loan Origination Date that shows they are sequential, and not overlapping.

 

Click this link for more info on CA Mortgage Interest Adjustment

 

 

 

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