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nyishome
New Member

Why doesnt my mortgage interest show as $0 in itemized deductions when I do a comparision of itemize or standard deduction? I did enter a value earlier.

I have entered Interest, taxes, state taxes and other deductions.  Donations, Real estate taxes and state carried over.  Mortgage interest enterd as 0. If it was added, my total would be higher than the standard deduction.  I do see the reversal of any State and real estate over 10K as a negateive already  

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pk
Level 15
Level 15

Why doesnt my mortgage interest show as $0 in itemized deductions when I do a comparision of itemize or standard deduction? I did enter a value earlier.

Note that under the new law, the mortgage interest is limited based on the Principle owed --- only up to 750 K allowed.

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2 Replies
pk
Level 15
Level 15

Why doesnt my mortgage interest show as $0 in itemized deductions when I do a comparision of itemize or standard deduction? I did enter a value earlier.

Note that under the new law, the mortgage interest is limited based on the Principle owed --- only up to 750 K allowed.

nyishome
New Member

Why doesnt my mortgage interest show as $0 in itemized deductions when I do a comparision of itemize or standard deduction? I did enter a value earlier.

My principle is only about $350K.  Not sure why is doesnt carry over

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