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Level 1
posted Apr 3, 2022 5:28:23 PM

Home Loan Deduction Interview not completing questions after jumping to SCHEDULE E

Hello

I think i found a bug.  I have been using TTax since 2001 and as recent as 2020.  Anyhow upon going thru the HOME LOAN DEDUCTION SUMMARY screen, I noticed that one of my mortgage lenders (who is tied to my rental) goes DIRECTLY to Schedule E and it DOES NOT return to the HOME LOAN DEDUCTION SUMMARY SCREEN.  FYI, I use this entry just for the AMORTIZED points and I list the ACTUAL Interest from in the 1098 in the Schedule E section.  On all years prior, I was able to use this entry without any problems until 2021.  Am I supposed to put the AMORTIZED points somewhere else?  I liked using this entry as it automatically calculates the year's deduction.  If I put it anywhere in the Schedule E, then it would be like a manual entry. 

 

Secondly because it doesnt return to the HOME LOAN DEDUCTION INTERVIEW, there no longer is a box where I can check off saying that this LOAN HAS BEEN PAID OFF.

 

Please assist.  I am not sure why this INTERVIEW (questionaire) had to change.

Thanks

 

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1 Replies
Level 1
Apr 3, 2022 5:59:18 PM

Oh one more thing...I still have 3 years left of AMORTIZATION left and I just paid this loan off in 2021.  I would think I could write off the remainder for 2021 taxes since this loan will go away for 2022.  Now how do I go about adding this info?

Thanks