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jasona1987
New Member

If I wish to take the standard deduction, can I enter that I do not have any deductions? IE: I paid interest on a home mortgage, can I just enter that I did not?

 
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pk
Level 14
Level 14

If I wish to take the standard deduction, can I enter that I do not have any deductions? IE: I paid interest on a home mortgage, can I just enter that I did not?

TurboTax always computes your deductions both ways  ( standard and itemized ) and then suggests the best option for you --- but you can tell TurboTax which type of deduction you want to take, even if the other one was higher ( there are  legitimate reasons  for choosing one over the other besides the larger).  And yes you can choose not to report/ recognize interest expense.  Does that  help ?

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4 Replies
pk
Level 14
Level 14

If I wish to take the standard deduction, can I enter that I do not have any deductions? IE: I paid interest on a home mortgage, can I just enter that I did not?

TurboTax always computes your deductions both ways  ( standard and itemized ) and then suggests the best option for you --- but you can tell TurboTax which type of deduction you want to take, even if the other one was higher ( there are  legitimate reasons  for choosing one over the other besides the larger).  And yes you can choose not to report/ recognize interest expense.  Does that  help ?

jasona1987
New Member

If I wish to take the standard deduction, can I enter that I do not have any deductions? IE: I paid interest on a home mortgage, can I just enter that I did not?

Thank you, PK. I thought that was the right answer. I know the standard is the better option for me and I don't want to track down/wait for my mortgage interest, vehicle registrations, etc. I just wanted to make sure I wasn't required to enter that information for some reason.
pk
Level 14
Level 14

If I wish to take the standard deduction, can I enter that I do not have any deductions? IE: I paid interest on a home mortgage, can I just enter that I did not?

welcome
fanfare
Level 15

If I wish to take the standard deduction, can I enter that I do not have any deductions? IE: I paid interest on a home mortgage, can I just enter that I did not?

If you do not itemize, obviously the standard deduction will be higher. You are not obligated to enter anything.
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