dennisbecker1961
Returning Member

TT NOT RECOGNIZING MORTGAGE INTEREST DEDUCTION

TT did not recognize my home mortgage interest deduction and is directing me to take the $24K standard deduction for married, filing jointly. My state and property taxes exceed the $10K cap, and my charitable contributions total $6716, and that is what they are saying in the summary (a total of $16, 716 in itemized deductions, hence the standard deduction). However, although my home mortgage interest is properly entered, it is not recognizing it. If that is counted (along with a child credit and foreign tax credit), I would exceed the $24K standard deduction. I have already filed. Why isn't TT recognizing the mortgage interest?