turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
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.

billvans
New Member

The home mortgage interest limitation in worksheet is not transferring to Schedule A. I have tried deleting 1099 Mortgage interest form and reentering, no success.

How do I fix the software bug so that I do not have to enter an override, and program will allow e filing?
Connect with an expert
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.

1 Reply
AmyC
Expert Alumni

The home mortgage interest limitation in worksheet is not transferring to Schedule A. I have tried deleting 1099 Mortgage interest form and reentering, no success.

Since you understand the rules and limitations, I suggest you use the program to override the computer with the correct entry, rather than doing an actual override in Forms mode. Remember the IRS only gets Sch A with the final number listed. It doesn't get worksheets. The IRS gets the forms from the mortgage company. They are looking for you to claim based on what they receive. 

 

You can use Table 1 Worksheet to Figure Your Deductible Mortgage Interest.  You have two ways to enter your mortgage information.

 

  • 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. TurboTax provides this option because of situations like yours.
  • Another option, is to enter one form, say the balance is below the limitation, enter the correct 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"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies