topic I entered my 1098 Mortgage Interest paid ($5693) where indicated on the Turbo Tax forms. After filing, I saw that TurboTax had entered $10,931 on SchA. Why? More below. in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-entered-my-1098-mortgage-interest-paid-5693-where-indicated-on-the-turbo-tax-forms-after-filing-i/01/455481#M58276 I entered my 1098 Mortgage Interest paid ($5693) where indicated on the Turbo Tax forms. Near the end of my filing while reviewing, I noticed that for the deductions for Mortgage Interest, my 2017 amount was in the $5000 range (just like I entered for 2018), but now for 2018 the number was showing as $10,000. I thought, "that's weird," and clicked on "Edit." But once in Edit mode it showed that I had indeed correctly reported my 1098 number of $5,693. So I didn't know where the $10,000 number was coming from (it was not exactly double, either). We do rent out one room in our house (8% of the property), so I answered all those questions as applicable in that section...are these connected? But we rented out the room in 2017 and it did not affect the mortgage interest total for Schedule A that year. I have no idea where Turbo Tax is getting this $10,000 number and it concerns me that this is the number that "I" am reporting on my 1040 Schedule A when in fact "I" entered my mortgage interest as $5,693 as reported on my 1098. Tue, 04 Jun 2019 23:11:39 GMT solidarity16 2019-06-04T23:11:39Z I entered my 1098 Mortgage Interest paid ($5693) where indicated on the Turbo Tax forms. After filing, I saw that TurboTax had entered $10,931 on SchA. Why? More below. https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-entered-my-1098-mortgage-interest-paid-5693-where-indicated-on-the-turbo-tax-forms-after-filing-i/01/455481#M58276 I entered my 1098 Mortgage Interest paid ($5693) where indicated on the Turbo Tax forms. Near the end of my filing while reviewing, I noticed that for the deductions for Mortgage Interest, my 2017 amount was in the $5000 range (just like I entered for 2018), but now for 2018 the number was showing as $10,000. I thought, "that's weird," and clicked on "Edit." But once in Edit mode it showed that I had indeed correctly reported my 1098 number of $5,693. So I didn't know where the $10,000 number was coming from (it was not exactly double, either). We do rent out one room in our house (8% of the property), so I answered all those questions as applicable in that section...are these connected? But we rented out the room in 2017 and it did not affect the mortgage interest total for Schedule A that year. I have no idea where Turbo Tax is getting this $10,000 number and it concerns me that this is the number that "I" am reporting on my 1040 Schedule A when in fact "I" entered my mortgage interest as $5,693 as reported on my 1098. Tue, 04 Jun 2019 23:11:39 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-entered-my-1098-mortgage-interest-paid-5693-where-indicated-on-the-turbo-tax-forms-after-filing-i/01/455481#M58276 solidarity16 2019-06-04T23:11:39Z It sounds like you entered the interest on your schedule... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/it-sounds-like-you-entered-the-interest-on-your-schedule/01/455488#M58277 <P>It sounds like you entered the interest on your schedule E (rental) AND as a 1098. The program is picking up the 5693 you entered on the 1098 screen and also carries over 92% (5238) from the Schedule E. The interest should only be entered once.&nbsp;</P> Tue, 04 Jun 2019 23:11:41 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/it-sounds-like-you-entered-the-interest-on-your-schedule/01/455488#M58277 KrisD 2019-06-04T23:11:41Z
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topic I entered my 1098 Mortgage Interest paid ($5693) where indicated on the Turbo Tax forms. After filing, I saw that TurboTax had entered $10,931 on SchA. Why? More below. in Deductions & credits
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https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-entered-my-1098-mortgage-interest-paid-5693-where-indicated-on-the-turbo-tax-forms-after-filing-i/01/455481#M58276
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I entered my 1098 Mortgage Interest paid ($5693) where indicated on the Turbo Tax forms. Near the end of my filing while reviewing, I noticed that for the deductions for Mortgage Interest, my 2017 amount was in the $5000 range (just like I entered for 2018), but now for 2018 the number was showing as $10,000. I thought, "that's weird," and clicked on "Edit." But once in Edit mode it showed that I had indeed correctly reported my 1098 number of $5,693. So I didn't know where the $10,000 number was coming from (it was not exactly double, either). We do rent out one room in our house (8% of the property), so I answered all those questions as applicable in that section...are these connected? But we rented out the room in 2017 and it did not affect the mortgage interest total for Schedule A that year. I have no idea where Turbo Tax is getting this $10,000 number and it concerns me that this is the number that "I" am reporting on my 1040 Schedule A when in fact "I" entered my mortgage interest as $5,693 as reported on my 1098.
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I entered my 1098 Mortgage Interest paid ($5693) where indicated on the Turbo Tax forms. After filing, I saw that TurboTax had entered $10,931 on SchA. Why? More below.
</title>
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https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-entered-my-1098-mortgage-interest-paid-5693-where-indicated-on-the-turbo-tax-forms-after-filing-i/01/455481#M58276
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I entered my 1098 Mortgage Interest paid ($5693) where indicated on the Turbo Tax forms. Near the end of my filing while reviewing, I noticed that for the deductions for Mortgage Interest, my 2017 amount was in the $5000 range (just like I entered for 2018), but now for 2018 the number was showing as $10,000. I thought, "that's weird," and clicked on "Edit." But once in Edit mode it showed that I had indeed correctly reported my 1098 number of $5,693. So I didn't know where the $10,000 number was coming from (it was not exactly double, either). We do rent out one room in our house (8% of the property), so I answered all those questions as applicable in that section...are these connected? But we rented out the room in 2017 and it did not affect the mortgage interest total for Schedule A that year. I have no idea where Turbo Tax is getting this $10,000 number and it concerns me that this is the number that "I" am reporting on my 1040 Schedule A when in fact "I" entered my mortgage interest as $5,693 as reported on my 1098.
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It sounds like you entered the interest on your schedule...
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https://ttlc.intuit.com/community/tax-credits-deductions/discussion/it-sounds-like-you-entered-the-interest-on-your-schedule/01/455488#M58277
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<P>It sounds like you entered the interest on your schedule E (rental) AND as a 1098. The program is picking up the 5693 you entered on the 1098 screen and also carries over 92% (5238) from the Schedule E. The interest should only be entered once.&nbsp;</P>
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