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smhapp1
New Member

Mortgage interest deduction not being added to itemized deductions - overstating tax due

My interest deduction is not showing up on my tax return (shows up on worksheet as a deduction)

 

I have around $7500 mortgage interest related to a refinanced loan that i took out in 2015 for 250k.  the loan is secured by the home and i received a 1098 from my bank with this information.  I itemize my deductions and without the interest deduction, i am already at $16k and well beyond the standard deduction for filing as a single.    

I've entered the amount, origination date, original amount, refinance, no - money was used only for the house (no other purpose), and secured by home.  No points.  No Mortgage Insurance.  Please Help Me!!!  Thanks in advance

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3 Replies
DanaB27
Expert Alumni

Mortgage interest deduction not being added to itemized deductions - overstating tax due

Please be aware that we cannot see your return. To confirm you do not have any amount entered on line 8a on Schedule A?

 

It would be helpful to have a TurboTax ".tax2022" file that is experiencing this issue. You can send us a “diagnostic” file that has your “numbers” but not your personal information. If you would like to do this, here are the instructions for TurboTax Download

  1. On your menu bar at the very top, click "Online"
  2. Select "Send Tax File to Agent"  
  3. Click "Send"
  4. The pop-up will have a token number
  5. Reply to this thread with your Token number. This will allow us to open a copy of your return without seeing any personal information.  

 

The instructions for TurboTax Online

  1. From the left menu select Tax Tools. 
  2. Then select Tools below Tax Tools. 
  3. A window will pop up which says Tools Center.  
  4. On this screen, select Share my file with Agent. 
  5. You will see a message explaining what the diagnostic copy is. Click okay through this screen and then you will get a Token number. 
  6. Reply to this thread with your Token number. This will allow us to open a copy of your return without seeing any personal information.  

 

 

We will then be able to see exactly what you are seeing and we can determine what exactly is going on in your return and provide you with a resolution.

 

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smhapp1
New Member

Mortgage interest deduction not being added to itemized deductions - overstating tax due

yes, confirming that 8a/b is 0 despite having eligible mortgage interest deduction

PattiF
Expert Alumni

Mortgage interest deduction not being added to itemized deductions - overstating tax due

Please click on this  TurboTax Help for more information about this issue and to sign up for notice that this has been resolved.

 

@smhapp1 

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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