California mortgage interest itemized

[Yoyoguy]

I could not find an option to enter adjusted mortgage deduction for california following this article . My worksheet still shows standard deduction for california. What is the right way through turbotax to enter adjusted california mortgage amount and take itemized?

[KrisD15]

To clarify, are you using a computer or the phone app? 

If you are using the App, are you able to access your account with a computer? 

Did you enter Home Mortgage Interest on the Federal Portion of the TurboTax program?  

[Yoyoguy]

This is from mac pc.

[KrisD15]

Thank you, 

Did you enter your Home Mortgage Interest on the Federal Return and was the Interest limited on the Federal Return? 

Will an adjustment for the interest put State Itemized Deductions above the Standard amount? 

The program does not give you an adjustment screen unless the interest was limited on the Federal return. 

[Yoyoguy]

I could not the screen that you shared above.

1. I did not hit the federal limit on this one. My amount is 14xxxx. And the tool suggests to take standard deduction for federal.

2. But, california standard deduction for couples is 10,404. So I want to take itemized for california. How should i proceed with then?

[KrisD15]

If  taking Itemized Deductions WITHOUT ADJUSTMENTS / NO ADJUSTMENTS NECESSARY  on your State return is more advantageous for you, the TurboTax program should choose that for you.  

You should have no need to make any adjustments. 

Have you gone through the State program? 

What did the program suggest? Itemized or Standard for your State return? 

[Yoyoguy]

Turbotax is not picking up this automatically to me. 10,404 is standard deduction in CA.  My mortgage interest is 14xxx. Technically, it should be itemized with 14xxx already..

[AmyC]

If you entered any type of mortgage interest into the federal section, even though taking the standard, the CA should be giving you the option to adjust the mortgage interest due to CA law difference of an extra $250,000 in qualified mortgage allowed.

Since your page does not show the adjustment, double check that your federal deduction is entered with no issue. You can check in FORMS mode and see if there are any exclamation marks or errors for your return. If there are any, return to step-by-step for that section and go through your entries again.

Once the mortgage interest is in federal, you should have the adjustment for CA showing.

Deductions | FTB.ca.gov - Franchise Tax Board 

[Yoyoguy]

This sheet is empty without numbers...

This sheet has the values entered...

[AmyC]

That means that you put your mortgage interest under the mortgage insurance by accident. Go back to the federal and move the interest to the interest section. PMI did expire this year and is no longer allowed. Congress may change their mind, so I would enter any PMI there. 

Reference: Can I deduct private mortgage insurance (PMI or MIP)? 

[Yoyoguy]

I verified and I am concerned that I have already inputted in correct fields as you mentioned. I still dunno, why I am facing this issue and what to do about this...

[Yoyoguy]

Found the issue, i dint enter the information about Box 8 (securing property) from 1098.

[RiverWear]

The weird thing about that screen is that you can manually change it via forms view, but make extra-sure TT isn't saving you from a mistake. The way the help screen was written, I thought there was a bug that was preventing my correction from having an effect when TT was saving me from the mistake. (I researched it on the CA FTB site to make sure.)

TT should already be taking into account the loan origination date you provided - start by double checking you entered that correctly.