turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

T K
Level 2

CA Adjust mortgage interest

I have a house with loan more than 750000 and the federals is capping the interest to that amount of the loan. I am trying to adjust the mortgage interest for state of California but I cant find this in TurbTax for desktop.
When I reach this section "Here's the Income that California Handles Differently" , I dont see anything related to mortgage interest.

How can I adjust the mortgage interest for California? My understanding that it should appear at the end int he form CA 540.

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

4 Replies
MayaD
Expert Alumni

CA Adjust mortgage interest

When you enter the information on your Federal return, TurboTax will automatically calculate the deduction on CA return based on the state rules. 

To visit that screen: 

  • Select State Taxes and click Edit next to California
  • Click continue until you get to "Here's the Income that California Handles Differently".
  • Select Mortgage Interest Adjustment.
  • The following screen shows the federal and state amount. 

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
T K
Level 2

CA Adjust mortgage interest

Thanks for your answer but I don’t see “Mortgage Interest Adjustment” in the desktop version. Is there a reason why this is not shown?

T K
Level 2

CA Adjust mortgage interest

Hello,

 

Here is what I see when I reach this stage, I dont see "Select Mortgage Interest Adjustment"

 

WhatsApp Image 2023-03-15 at 10.26.36 AM.jpeg

 

Is that expected?

 

DaveF1006
Expert Alumni

CA Adjust mortgage interest

The mortgage interest adjustment is entered automatically in Schedule CA in Column C , Line 8A. Also appears in Miisc deductions in part 1 as a Separately Reported item.  Go to your forms mode in your desktop software to see if this is recorded as i just mentioned in your Ca forms.

 

@T K 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question