I'm just wondering because I know many states don't cap the total amount. It also isn't summing the interest I paid between the two lenders who have serviced my loan.
You'll need to sign in or create an account to connect with an expert.
Did you enter two 1098's for the two lenders that serviced your loan? TurboTax should add the interest from both together. You can check the MORTGAGE DEDUCTION SUMMARY to be sure they are both entered, and Edit or Add from there (see screenshot).
You can go to DEDUCTIONS & CREDITS or use the Search to get there, or use Forms mode to check or add for the second lender.
For your MCC, TurboTax asked for the address of the home that qualified (see screenshot) when you entered the MCC info. The State tax portion of TurboTax will make any necessary limitations based on your filing address if you did not enter a different address here.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
dbow58
Returning Member
soul23
Level 2
clu1945
Level 2
maglib
Level 11
fvargas
Level 3
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.