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Home mortgage interest Schedule A mismatch

I'm including home interest paid in 2023 on Schedule A (itemized deductions). The value included on the form in Schedule A differs from the amount I entered from Form 1098, Box 1 and also listed on the Home Interest Mortgage Worksheet, like 2b in TurboTax. The amounts disagree by several hundred dollars.

 

Is there any reason why the amount on Schedule A, line 8a may differ from what I have on my form 1098?

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1 Best answer

Accepted Solutions
Cynthiad66
Expert Alumni

Home mortgage interest Schedule A mismatch

TurboTax automatically adjusts Schedule A when the amounts are claimed elsewhere on the return.  It seems you have resolved your discrepancy question.  If you need additional assistance, please return to the forum

 

@Michael16 

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2 Replies

Home mortgage interest Schedule A mismatch

I think I've uncovered the discrepancy. I deducted a portion of my home interest as an expense for the business use of my home (Form 8829). The Tax and Interest Deduction Worksheet for Schedule A reduces the interest from form 1098 by the amount I deducted for business use as to not double deduct.

Cynthiad66
Expert Alumni

Home mortgage interest Schedule A mismatch

TurboTax automatically adjusts Schedule A when the amounts are claimed elsewhere on the return.  It seems you have resolved your discrepancy question.  If you need additional assistance, please return to the forum

 

@Michael16 

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

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