I am doing itemized deduction and Turbo does not include my mortgage interest $7800. I selected the mortgage is secured by my property;

Expert Alumni

Feb 9, 2020 6:53:29 PM

You may try deleting the information and re-enter:

From the menu on the left, choose Tax Tools
Click on Tools
Select Delete a Form
Scroll through the forms and click Delete next to any 1098 or Home Mortgage & Interest Worksheet

Return to the Deductions & Credits section to re-enter the information.

Keep in mind that mortgage interest is part of itemized deductions. You will not itemize unless the total exceeds the standard deduction for your filing status. If the total is not yet greater than your standard deduction, your entry will not change anything on your return. Keep entering your deductions until complete. The TurboTax software will determine which has the best tax benefits for you.

Level 1

Feb 15, 2021 5:41:13 PM

I included the interest expense on my home along with re taxes and when completed it appeared in the turbo tax summary screen. But finishing all data, it kept telling me to take std ded.

I had to go to forms view and manually enter the home interest expense and it took. Why did the step by step not do it properly?

A little disappointed in this. Please explain, so others are aware of this. I'm a CPA so I caught the error.

Expert Alumni

Feb 15, 2021 6:00:27 PM

Some TurboTax customers are experiencing an issue with their home mortgage average balance. This can cause the home mortgage interest to be incorrectly limited. This may be affecting your tax return.

Please sign up for email notifications when an update related to this issue is available here.

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I am doing itemized deduction and Turbo does not include my mortgage interest $7800. I selected the mortgage is secured by my property;