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markruter
New Member

I entered mortgage interest of 4682.59 & a helo of 168.75. But, the Your 2017 Deductions & Credits section it says $8004 for Mortage Interest (7,835 + 169). Why 7,835?

"Hello, In the Home Loan Deduction Summary section of Turbotax Premier, it lists my BECU Mortgage interest of $4682.59 with points of $210.00 and a BECU HELO of $168.75. This interest totals $4851.34 and points of $210.00. But, in the Your 2017 Deductione & Credits section, it says $8004 for the Mortage Interest. When I clicked on the $8004 link a summary of what I entered so far: BECU Mortgage = $7,835 and BECU HELO = $169. Why $8004 when it should say $5061.34?"

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Accepted Solutions
Anita01
New Member

I entered mortgage interest of 4682.59 & a helo of 168.75. But, the Your 2017 Deductions & Credits section it says $8004 for Mortage Interest (7,835 + 169). Why 7,835?

It sounds like you may have taken mortgage interest elsewhere, such as a home office, and tried to allocate the remainder to personal exemptions.  In that case, you should not have entered the full mortgage interest again under your Deductions and credits for mortgage interest.  Delete that entry and let the program do the allocation.

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2 Replies
Anita01
New Member

I entered mortgage interest of 4682.59 & a helo of 168.75. But, the Your 2017 Deductions & Credits section it says $8004 for Mortage Interest (7,835 + 169). Why 7,835?

It sounds like you may have taken mortgage interest elsewhere, such as a home office, and tried to allocate the remainder to personal exemptions.  In that case, you should not have entered the full mortgage interest again under your Deductions and credits for mortgage interest.  Delete that entry and let the program do the allocation.

markruter
New Member

I entered mortgage interest of 4682.59 & a helo of 168.75. But, the Your 2017 Deductions & Credits section it says $8004 for Mortage Interest (7,835 + 169). Why 7,835?

I entered what totaled $5061.34 in the Home Loan Deduction section, but I am not aware of entering any amount anywhere else.  Where can I look specifically for the amount that is increasing it in the Deduction & Credits section to $8004?  Please help.  Thank you.

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