Deductions & credits

VictoriaD75 · ‎July 13, 2020

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

Or, try this in desktop:

In "Forms," find the "Tax and Interest Deduction Worksheet."

Scroll down to the Mortgage Interest Limited Smart Worksheet."

If field A 1 is blank, right click it, and select "Override", then write in the total of mortgage interest paid, from all 1098 forms.

Once field A 1 has the total of mortgage interest paid, copy that amount.

If field A 2 is blank, right click it, and select "Override", then AGAIN write in the total of mortgage interest paid, from all 1098 forms.

For online versions, after entering the 1098 interest information, continue through the screens and TurboTax will ask you if the interest needs to be limited.

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