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I input the mortage info but it was not included Why?

 
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1 Best answer

Accepted Solutions
ChristieB
New Member

I input the mortage info but it was not included Why?

You can view which deduction you are currently receiving by taking the following steps: 

1.) On the left-hand side of your screen, click Tax Tools

2.) Click Tools

3.) On the window that pops up, click View Tax Summary

4.) On the left-hand side of your screen, click Preview My 1040

Your deduction amount will be on Line 8


TurboTax will automatically use the deduction that offers the highest tax benefit, but you can switch between the Standard Deduction and Itemized Deductions to see how the change impacts your return by taking the following steps: 

If you go to Deductions & Credits, click I'll choose what I work on, and then scroll down to click Done with Deductions

You will have to click through a few screens, such as the summary screen for your deductions and credits. 

The Standard/Itemized deduction screen should come up soon after, along with a small box to check if you'd like to change your deduction from standard to itemized. 


Lastly, if you end up using Itemized Deductions and your Mortgage Interest amount is still showing as 0, I would go back through the Mortgage Interest section in Deductions and Credits and verify that you indicated that your loan is secured. 

View solution in original post

3 Replies

I input the mortage info but it was not included Why?

If you used the Free Edition, mortgage interest and all other itemized deductions cannot be entered using the Free Edition. You must upgrade to Deluxe to enter itemized deductions.

I input the mortage info but it was not included Why?

Do you think you will have enough to itemize this year?  This year the Standard Deduction will be doubling so many people will be switching to the Standard Deduction.  And there is a max 10,000 limit (5,000 MFS) of property tax and state taxes "SALT".  And you can only deduct Medical that’s over 7.5% of your AGI.  Also the deduction for job expenses have been suspended.

FAQ on 2018 changes <a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/4482394-how-will-tax-reform-affect-my-2018-federal-tax-return">htt...>

For 2018 the standard deduction amounts are:
Single 12,000 + 1,600 for 65 and over or blind
HOH 18,000 + 1,600 for 65 and over or blind
Joint 24,000+ 1,300 for each 65 and over or blind
Married filing Separate 12,000 + 1,300 for 65 and over or blind
ChristieB
New Member

I input the mortage info but it was not included Why?

You can view which deduction you are currently receiving by taking the following steps: 

1.) On the left-hand side of your screen, click Tax Tools

2.) Click Tools

3.) On the window that pops up, click View Tax Summary

4.) On the left-hand side of your screen, click Preview My 1040

Your deduction amount will be on Line 8


TurboTax will automatically use the deduction that offers the highest tax benefit, but you can switch between the Standard Deduction and Itemized Deductions to see how the change impacts your return by taking the following steps: 

If you go to Deductions & Credits, click I'll choose what I work on, and then scroll down to click Done with Deductions

You will have to click through a few screens, such as the summary screen for your deductions and credits. 

The Standard/Itemized deduction screen should come up soon after, along with a small box to check if you'd like to change your deduction from standard to itemized. 


Lastly, if you end up using Itemized Deductions and your Mortgage Interest amount is still showing as 0, I would go back through the Mortgage Interest section in Deductions and Credits and verify that you indicated that your loan is secured. 

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