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Deductions & credits
Very useful and well explained response... thank you.
I'm in the same boat, that within the itemized deduction section the mortgage interest deduction as well as the property tax/sales tax deduction capped out at the $10,000 limit amount.
So, one follow up question as i populate the Home Office screen - There's no spot to actually answer "Yes", I'm assuming you just enter the amount in the "Excess Mortgage Interest" field... do you enter the same "full amount" we did in the itemized deductions section... or only the "excess amount"?
Thanks in advance,
Bill
‎February 28, 2023
6:14 PM