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Level 2
June 7, 2019
Solved

Home Mortgage Interest

  • June 7, 2019
  • 1 reply
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Why is home interest on mortgage for itemized deductions  not being allowed on Turbo Home and Business 2018? The loan was to build the home.  I have completed the worksheet and it won't allow the deduction.  I have changed from standard deduction to itemized and it won't flow through to the return even when over-riding? It fails the final review. I understand the SALT limit but I can't find any IRS document that limits the amount being entered $12193.

Best answer by SweetieJean

Be sure to indicate that the mortgage is secured by the property.

1 reply

Alumni - Champ
June 7, 2019

Be sure to indicate that the mortgage is secured by the property.

jdupontAuthor
Level 2
June 7, 2019
Thank you it worked.  Much appreciated.