No, you cannot claim mortgage interest on your home again...

Can I claim my mortgage interest on my main home against my gas and oil royalties on schedule E?

posted

No, you cannot claim mortgage interest on your home against your gas and oil royalties on Schedule E.

Mortgage interest is claimed on Schedule A if you itemize your deductions.

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

I didn't think you could deduct mortgage interest, but decided to check, since Turbo Tax put it in automatically. I will remove it...….check your returns.

I'm being audited by New York State for 2022. On line 20 for interest income on bonds, I reported $0. Did TurboTax make an error in preparing my New York State taxes?

in State tax filing

Expert does your taxes

Do it yourself

Resources

Support

Can I claim my mortgage interest on my main home against my gas and oil royalties on schedule E?

Can I claim my mortgage interest on my main home against my gas and oil royalties on schedule E?

Can I claim my mortgage interest on my main home against my gas and oil royalties on schedule E?

Unlock tailored help options in your account.

Get more help

Do you have a TurboTax Online account?

Can I claim my mortgage interest on my main home against my gas and oil royalties on schedule E?

Do you have an Intuit account?

Can I claim my mortgage interest on my main home against my gas and oil royalties on schedule E?

Can I claim my mortgage interest on my main home against my gas and oil royalties on schedule E?

Unlock tailored help options in your account.

Get more help

Related Content

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

File your taxes, your way

Access additional help, including our tax experts

Post your question

Connect with an expert