Cynthiad66
Expert Alumni

Deductions & credits

You will be able to correct this error without upgrading as long as this is just Mortgage Interest  deduction.  Please try this.

 

Return to the screen that asks if the interest should be limited, answer Yes. 

On the next screen, adjust to the full amount if the interest is NOT limited (or adjust to the proper amount if it is).

 

Please go back to the Home Mortgage Interest section:

Click Federal on the left side-bar

Click Deductions & Credits along the top

Scroll down to “Mortgage Interest and Refinancing (Form 1098)” Click Edit/Add

Scroll down the “Here’s your 1098 info” screen and click Done.

Next screen asks “Do any of these situations apply to you?” Select “Yes, one or all of these situations apply to me.” and Continue.

On the following screen, you will see the “Original amount”.

Enter the amount you can claim as a Home Mortgage Interest deduction in the “Adjusted amount” box.

 

The Adjusted amount cannot be larger than the original amount or you will receive an error when trying to file. Instructions on who needs to adjust interest and how to calculate are available by clicking the blue

 

“Help me figure this out” link.

 

The available “original” amount should only be adjusted for any cash out not used on the home, and that amount cannot be claimed for the Federal deduction. 

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