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Level 1
posted Mar 3, 2023 2:34:46 PM

My mortgage interest by itself is higher than the standard deduction. Turbo Tax is not including it when evaluating whether to go standard deduction or itemized. Why?

TT is saying my itemized deductions is $10k (SALT limit), but that does not consider the mortgage interest.

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2 Replies
Level 1
Mar 3, 2023 2:40:10 PM

Note this is for our main (and only) home.

Level 15
Mar 3, 2023 2:41:18 PM

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-schedule/L1bVtJVuN_US_en_US