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Entered mortgage interest of $8269.00 under deductions and credits Shows up as '$0' when I complete the Deductions and Credits Review. This prevents me from itemizing?
I am trying to itemize my deductions. I entered $8,629.18 for mortgage interest and $5144.64 in taxes. The taxes show up on the review but the Mortgage interest does not.
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Entered mortgage interest of $8269.00 under deductions and credits Shows up as '$0' when I complete the Deductions and Credits Review. This prevents me from itemizing?
A couple things to check out:
First, be sure to double check how you entered your mortgage information on all the screens in TurboTax. For example, if you do not select that the mortgage is secured by a property of yours, the interest will not be included as a deduction in your itemized expenses.
Second, the ability to deduct mortgage interest is much more restricted in 2018. See more information below:
https://ttlc.intuit.com/replies/3300473
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Entered mortgage interest of $8269.00 under deductions and credits Shows up as '$0' when I complete the Deductions and Credits Review. This prevents me from itemizing?
A couple things to check out:
First, be sure to double check how you entered your mortgage information on all the screens in TurboTax. For example, if you do not select that the mortgage is secured by a property of yours, the interest will not be included as a deduction in your itemized expenses.
Second, the ability to deduct mortgage interest is much more restricted in 2018. See more information below:
https://ttlc.intuit.com/replies/3300473
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