- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
@lyogavin wrote:
It gave me the option to change to Standard Deduction at the end.
I did check the loan is secured by the property. In the Form 1098, I did input the value for "Outstanding mortgage principal as of 1/1/2019".
There is a workaround for this.
For desktop versions:
- In Forms view, locate and click on Tax & Int Wks on the left from the forms list
- On the form, scroll to Mortgage Interest Limited Smart Worksheet
- Click on NO to the right of the question, Does your mortgage interest need to be limited
For online versions:
- Under Deductions & Credits, expand the menu for Your Home
- Click Start/Revisit next to Mortgage Interest and Refinancing (Form 1098)
- Click through until you get to a screen that says Do any of these situations apply to you? Mark Yes.
- On the next screen, take out the zero.
- Click back and choose No.
‎June 30, 2020
9:52 AM