turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I bought a second home, but when I interred the info and the interest paid on the loan into turbo tax my tax return amount never changed

Why can't I clam my interest paid on my mortgage
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
KrisD15
Expert Alumni

I bought a second home, but when I interred the info and the interest paid on the loan into turbo tax my tax return amount never changed

It might be allowing the interest, but unless you Itemize Deductions (rather than taking the Standard Deduction) the interest won't matter.

 

Look at schedule A 

 

To View
For TurboTax Desktop, switch to Forms (top right) 


TurboTax Online:
Select Tax Tools on the left side-bar
Select Tools from that drop-down
Select “View Tax Summary” on the TOOLS CENTER screen
Select “Preview my 1040” which now appears on the left side-bar

look at schedule A 
 

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

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies