in Events
769581
You'll need to sign in or create an account to connect with an expert.
When you enter your mortgage interest for your home office deduction, you do not also need to enter it as a deduction for your home. Turbo Tax will calculate the "business" percentage to be reported of your home office expense and will carry the balance of your Mortgage Interest to your Schedule A.
So, just go to your home information and delete the mortgage interest you entered there. That will do away with the duplication.
When you enter your mortgage interest for your home office deduction, you do not also need to enter it as a deduction for your home. Turbo Tax will calculate the "business" percentage to be reported of your home office expense and will carry the balance of your Mortgage Interest to your Schedule A.
So, just go to your home information and delete the mortgage interest you entered there. That will do away with the duplication.
This also happened with Rental Property. We rent a room out of our primary residence, and Turbotax states
"
"
However, in my case we did not rent our room for the full year, so our Mortgage interest was pro-rated. Turbotax DOES NOT TELL YOU HOW MUCH IT USED IN YOUR SCHEDULE E RENTAL. This is very annoying.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
Raph
Community Manager
in Events
Rhkjr
Returning Member
sarojthegreat
Level 2
anandmg
New Member
Jeffrey_O_Anderson
New Member