Mortgage Deduction not being allowed

[jeff_m]

In Deductions and Credits I have a mortgage deduction of $9,743 for two home loans yet these deductions are not showing up on my 1040 (increasing my amount due)

* The loans total $646,000

* I checked the box "Is this loan secured by a property of yours" for both loans

What am I missing ?

Thanks!

[DoninGA · Accepted solution]

For desktop versions:

• In Forms view, locate and click on Tax & Int Wks on the left from the forms list
• On the form, scroll to Mortgage Interest Limited Smart Worksheet
• Click on NO to the right of the question, Does your mortgage interest need to be limited

For online versions:

• Under Deductions & Credits, expand the menu for Your Home
• Click Start/Revisit next to Mortgage Interest and Refinancing (Form 1098)
• Click through until you get to a screen that says Do any of these situations apply to you? Mark Yes.
• On the next screen, take out the zero.
• Click back and choose No.

[jeff_m]

AWESOME!  It worked 🙂

Thanks

[ALD_3]

IS anyone having this issue with 2022 desktop.  It is allowing all other itemized however not the mortgage. 

Thanks so much!

[DoninGA]

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@ALD_3 wrote:

IS anyone having this issue with 2022 desktop.  It is allowing all other itemized however not the mortgage. 

Thanks so much!

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This is a known problem.  See this TurboTax support FAQ to sign up to be notified when corrected - https://ttlc.intuit.com/turbotax-support/en-us/help-article/mortgage-loan/mortgage-interest-flowing-...