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Joan2k
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Is anyone aware of any fix for Turbo Tax 2024 Deluxe mortgage interest deductions not calculating on Schedule A?

Expected TT to update software online assist.
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1 Reply
rjs
Level 15
Level 15

Is anyone aware of any fix for Turbo Tax 2024 Deluxe mortgage interest deductions not calculating on Schedule A?

I'm not sure what you mean by "not calculating." If you mean that the mortgage interest deduction does not appear on Schedule A at all, you might have answered a question incorrectly. When TurboTax asked whether the loan is secured by a property of yours, did you answer Yes? If the loan is not secured by a home that you own, the interest is not deductible. A mortgage loan is normally secured by the home that the loan was used to purchase.

 

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