Home Interest Worksheet

[unc72ch]

The amount for home interest entered on Line 2a of the Home Interest Wksht ($5,313) does not agree with amount on Line 8a of Sched A ($4,900). If there is a cap on interest or some other qualifying reason for the difference, would the resulting interest number appear on the Interest Wksht? When I use the Quick Zoom feature on Sched A to follow this entry back to its origin, TurboTax takes me back to the Interest Worksheet but not to a particular line and I cannot determine from any combination of numbers on the worksheet how this amount is calculated.

[MonikaK1 · Accepted solution]

In the Desktop/Download version of TurboTax:

Line 2b of the Home Mortgage Interest Worksheet shows the amount entered as paid on a main home or second home.

Below Line 13, the Home Mortgage Interest Limitation Smart Worksheet shows some details regarding factors that could result in limitations on the deductible interest, such as the date of the loan, the principal balance, and whether any part of the loan was not used to purchase, build, or improve the home.

See the separate "Tax & Int Wks" (Tax and Interest Deduction Worksheet) for any limitations that were applied to the interest as entered.

Please see this article and this one for more information on home mortgages from TurboTax.