PatriciaV
Expert Alumni

Deductions & credits

The mortgage interest limitation calculation section of TurboTax has been revised for tax year 2022. The questions you encountered are meant to assess if your deduction is limited due to mortgage principal balances exceeding that allowed by the tax code.

 

If you find that all interest and points are included in your deductions summary, then your answers were correct. This may change when you enter the information for your second home. You may need to revisit your answers for these mortgages to confirm you are receiving the most benefit from the interest and points you paid.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"