DMarkM1
Employee Tax Expert

Deductions & credits

If your mortgage debt loans originated on or after December 15th 2017 and exceed the CA limit of $1,000,000 then an adjustment is calculated to reduce the interest deduction for CA.   

 

If your mortgage debt should not be over $1M, or should not be adjusted because it was taken out before Dec 15, 2017 then perhaps you have entered more than one form 1098, such as for a refinance.  That may have incorrectly pushed your total mortgage debt to over $1M for CA and/or the origination date for a loan is now after the Dec 2017 date.  Go back through your form 1098 entries in the federal "Deductions & Credits" tab to be sure you have entered correctly.  

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