Home Mortgage interest not transferred from worksheet to Sch A

[galt]

I had issues too with the checkbox with the limited.  My principal is under $750k but had refi in 2020 and had no issues for 2020 and 2021 tax season but I can't figure out its checked for Yes on the worksheet since step by step never asked me about using the refi money for spending outside the house principal.

Thanks for tip on override I never knew you could do that but I haven't submitted my taxes yet 

[GSD77]

Received just now from TT:

Hello,

There’s an update on the TurboTax issue and help article you’re following: "Why isn't my Mortgage Interest flowing into my Schedule A?".

We’re happy to inform you that we’ve updated TurboTax and resolved the issue you experienced

If you’re using TurboTax Online, it’s been updated automatically. Just sign in and you can continue working.

If you’re using the TurboTax CD/Download Software, download and install the latest update. You can do this through the prompt when you launch the software or by following

these instructions.

If you’re still having trouble or there’s anything else we can help you with, feel free to give us a call.

Thanks for your patience,

The TurboTax Help Team

[GSD77]

Just tried it, after updating TT Premier, and it WORKED!

[galt]

Looks like it's fixed.  Thanks this was driving my bonkers for hours last night

[cyndimat]

Just tried to do update and found my version was up to date and it still will not transfer my mortgage interest to schedule A.  I am using home and business.

[DawnC]

Try deleting the 1098 and re-entering it.   And make sure you are entering it from the Home Mortgage Interest interview in the Deductions and Credits section of Home & Business.   To get there, search for 1098 and use the Jump to 1098 link in the search results.    You will be taken to the 1098 summary page where you can delete the already entered form and then re-enter the information.   I just added a new 1098 and TurboTax calculated the limited interest and transferred the correct amount to Schedule A.  

Can I Deduct My Mortgage Interest?     @cyndimat 

[GSD77]

Don't have any new returns so cannot be of much help; all of mine transferred after fix.

If you haven't signed out of TurboTax try signing out and restarting to see if an update will cure issue,

[cmpayne]

I am using TT Deluxe, totally updated, and this bug still exists.  Terrifying actually, because I stumbled upon it accidentally, and makes me worried what else is not getting counted.

To be clear, my entered mortgage interest was showing up in Ste-by-Step, but NOT on the actual form and in the calculations.  This was important because I am very close to exceeding the standard deduction and was entering a dummy charitable deduction to see how close.  I knew something was wrong when I could donate an extra $12k without any impact.  

The "fix" did work, i.e. delete the entire entry and re-follow the step-by-step, but this has really shaken my confidence in TurboTax, which I have used for 20+ years, given this is a significant bug and filing day is in 2 days.

[17Tuxedo]

I have the same problem. On the federal return I put the Mortgage Interest paid., about 8,000.  I am itemizing my deductions. The loan is secured by the property. The mortgage is a refinance  1-13-21, and the home is worth about 1 million. The interest amount is right there on the deductibles worksheet, and yet when you complete the program, and preview the return, there is no entry under #8 on Schedule A. I have gone back to the beginning of the worksheet multiple times, it is not ever credited. ON the California 540 return there is a Deductible Home mortgage Interest Worksheet, and they pick up the correct mortgage interest ,work it though their system, and come up with a total of 522 deductible interest...big whoop!! I am 76 and getting more grey hair over this. Without this almost 8,000 deduction I owe tax, with it I would get a refund. I have spent hour after hour after hour going back over the program....but nothing changes....I am beyond exhausted and stressed. HELP ..I 

think that the program is defective, and I will have to go buy a new download and start all over..

[17Tuxedo]

I just put in a long post on the same issue...I am using Deluxe....in previous years I did use the premium and did not have a problem.....it really makes me angry to read the long line of people posting that have the same problem and that there is evidence that TT KNOWS about it and is not fixing it...might be time to go to my friendly local ABC channel and their consumer affairs  guy to stir stuff up..I just hate to think that I have to go buy another download after trying for hours and hours, which I will never get back, and start all over again.

[mjm77]

I'm having the same problem on the 2023 TT Premier program.  The amount entered does not match the Schedule A.  Should be $8,900 and it shows $993.   

I should be able to continue to deduct the interest on the existing loan balance minus the cash out that was not used for my residence.  TT is not letting me take the existing loan balance.  Can I override this?  Please respond.  Thank you.

[joseflandau]

Hi,

I do not remember know how I have done it. The way I have done it  should be in my very original message. Try in Turbo Tax go to Forms ( from Easy steps instructions) and find a Worksheet for the Schedule A and fix the numbers there. Sorry, I cannot be of more help. Try to find my original way of "fixing" this issue.

Josef

[PatriciaV]

You may wish to return to your entries for Form 1098 and confirm that in the refinance section you entered the amount of the mortgage balance that relates to your home and NOT the amount of cash you took out.

Also, you can trace back the amount on Schedule A using Forms Mode in TurboTax for Desktop.

1. Open your return and click the Forms icon in the TurboTax header. 
2. In the list of Forms in My Return on the left, scroll down and look for Schedule A. 
3. Click the form name to open it in the large window.
4. Scroll down to Line 8a and right-click on the amount in the box.
5. Choose "Data Source." The popup provides the name of the form where this number came from as a hyperlink.
6. Click the form name in the popup to open that form.
7. Repeat as needed to see either where the original number was entered or how the amount on any form was calculated.
8. Note that numbers in blue are manual entries; numbers in black are calculated by the program. 
       If you need to re-enter an amount, be sure the number is blue or green. Overriding a program calculation invalidates the TurboTax Accuracy Guarantee and the ability to e-file.
9. Click Step-by-Step in the header to return to the main screens.

@mjm77 

[rmchugh30]

Is see this in TurboTax Deluxe 2023.  It is not computing the limitation correctly.  Looking at the forms, it is not computing the average loan amount and the limiting percentage.

[AmyC]

After you enter all Forms 1098, continue on in that section until you see "Your mortgage is being limited." On this page, you can enter your interest calculation. This replaces the program calculation and reports the entry you make here. Only Sch A goes to the IRS with the final number, not the worksheets and behind the scenes calculations.

@rmchugh30