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Deductions & credits
"I bought a second home in Nevada- can i still add the mortgage interest in my CA tax returns?"
If this mortgage interest is deductible on Schedule A on the federal return, then it is deductible in CA.
Actually, even if the mortgage interest has been limited on Schedule A because of the changes in the Tax Cut and Jobs Act (TCJA) of 2017, it still may be be deductible in CA because CA never adopted the changes by the TCJA.
Enter it on your federal return and let TurboTax figure it out.
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‎April 2, 2021
6:31 PM