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Investors & landlords
You probably answered a question incorrectly. When TurboTax asked whether the loan is secured by a property of yours, did you answer Yes? If the loan is not secured by a home that you own, the interest is not deductible. A mortgage loan is normally secured by the home that the loan was used to purchase. Answering this question incorrectly is a common reason that the mortgage interest is not included in Schedule A.
March 15, 2025
7:40 PM