lkspic84
New Member

Deductions & credits

I FOUND THE SOLUTION!  There is yet another worksheet!  I was focused on Schedule A and Home Int Wkst.  There is also a Tax & Int Wks.  There is a section on that worksheet for Mortgage Interest Limited Smart Worksheet - I have no idea where this worksheet gets information but it was incorrect. There is a line that asks "Does you mortgage interest need to be limited:"  It was checked Yes.  It turned Red when I changed the response to No.  The solution was to enter an amount on A2 equal to the amount on A1 which is the total combined mortgage interest. Once those two lines are equal, the limitation was not applied and Schedule now shows the correct total interest paid. Whew! I'll never know where this information came from because I have tried so many different combinations and workarounds. One day wasted on Mortgage Interest but now I'm back on track.

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