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Earl55
New Member

Looking at my finished forms I see mortgage interest deducts for my rental property but none for primary home...can you verify?

Rental was 50-50 with personal this year and was calculated correctly.
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Looking at my finished forms I see mortgage interest deducts for my rental property but none for primary home...can you verify?

Your primary home mortgage interest is an itemized deduction.

Your standard deduction may have been higher than your itemized deductions.  Depending on the filing status you chose back in the Personal Info section, your total itemized deductions may be lower than what the IRS gives you. 

Here's a list of all the deductions that you can use to try to get higher than the standard deduction


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15 Replies
Earl55
New Member

Looking at my finished forms I see mortgage interest deducts for my rental property but none for primary home...can you verify?

Never take the std deduction, always itemized...

Looking at my finished forms I see mortgage interest deducts for my rental property but none for primary home...can you verify?

I can't verify that because I can't see your forms, but have you entered 100% in your Rental property, then had the program allocate it 50%?
Earl55
New Member

Looking at my finished forms I see mortgage interest deducts for my rental property but none for primary home...can you verify?

yes entered 100% of rental mort interest and TTax split it out 50-50...is it possible to find out if primary mort interest was entered and if not can I amend form so I get that plus 50% from personal use of rental?

Looking at my finished forms I see mortgage interest deducts for my rental property but none for primary home...can you verify?

Can you look at all your forms in your return?
Your personal mortgage interest will be on line 10 of your Schedule A, which you'll only be able to see if you pay.
Earl55
New Member

Looking at my finished forms I see mortgage interest deducts for my rental property but none for primary home...can you verify?

Can I amend return and re-enter the mortgage interest for all properties again to see if TT software will correct the problem?  Have over $15K but only a small part of that was on filed SCH A ...

Looking at my finished forms I see mortgage interest deducts for my rental property but none for primary home...can you verify?

If you've already filed with your mortgage interest, then No, don't amend and re-file with the same interest.  If you've got over 15k, then it should be $7.5k on both, subject to your other limits.  Go to Sch A, line 10, and check.
And why did you file your return if you knew it wasn't right?
Earl55
New Member

Looking at my finished forms I see mortgage interest deducts for my rental property but none for primary home...can you verify?

amt on line 10 was 6100.00, apx half of the rental interest...had addtl 3K interest on primary res that didn't get applied...was unaware that tax forms could be previewed before paying/ filing...maybe there should be a prompt for this in the software??..

Looking at my finished forms I see mortgage interest deducts for my rental property but none for primary home...can you verify?

ok so everything's right, correct?
Earl55
New Member

Looking at my finished forms I see mortgage interest deducts for my rental property but none for primary home...can you verify?

No...My issue still that amt on line 10 should be $9540.00, not $6121.00 as calculated by TurboTax---We had 3ea 1098's...
50% of Rental mort interest = 6121.00
Wells Fargo mort#1 interest = 1144.00
Wells Fargo mort#2 interest = 2275.00

Looking at my finished forms I see mortgage interest deducts for my rental property but none for primary home...can you verify?

Where did you put the 1144 and 2275?
Earl55
New Member

Looking at my finished forms I see mortgage interest deducts for my rental property but none for primary home...can you verify?

Entered 9540.00 in TT worksheet but it came out in final form as 6121.00...question is how to fix...believe I need to amend the return...

Looking at my finished forms I see mortgage interest deducts for my rental property but none for primary home...can you verify?

If you've already sent it in then you do need to amend it.
From shat I understand, you're not being allowed the 1144 and 2275 paid on your personal residence.
Enter that as an extra deduction under Your Home on your amended return.
Earl55
New Member

Looking at my finished forms I see mortgage interest deducts for my rental property but none for primary home...can you verify?

Can you confirm this was due to entry error of some kind and not a Turbo Tax software issue?

Looking at my finished forms I see mortgage interest deducts for my rental property but none for primary home...can you verify?

No, it's not a software problem, it sounds like the 144 and 2275 wasn't entered under Your Home on the Deductions & Credits side.
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