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mrallard
New Member

Ca Mortgage Interest Adjustment Calculation?

California form requests "mortgage Interest Adjustment" entry.  Does TurboTax carry this value over to the Ca. form from the Federal information if appropriate, like it did with Employee Business Expense" or, do I have to calculate if this value needs an entry?   

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1 Reply
TNT1
Level 2

Ca Mortgage Interest Adjustment Calculation?

I'm filing CA state and I see that TT has carried over my mortgage interest deduction @100%. The state and local tax capped at $10k federal and the difference was adjusted (added) by TT to the state. This is listed in Part II of the CA Adjustment sheet and I see the total amount including the difference in the SALT amount on line 18 of my 540. I agree, it's confusing due to the pop up in TT bc I would have entered in the difference myself and double dipped. It would make more sense for TT to make the auto calc.

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