Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Apr 6, 2025 7:02:29 PM

Why is my complete mortgage interest is taken as itemized deduction above 750000

0 2 1029
2 Replies
Level 4
Apr 6, 2025 7:54:18 PM

Not sure what your question is. 

This may help:

 You can deduct home mortgage interest on the first $750,000 ($375,000 if married filing separately) of indebtedness. you would take the information from your 1098 and input into the deductions (which would show on the Schedule A - Itemized deductions. 

However, if you don't have enough itemized deductions TT will push you into the standard deduction. 

 

Expert Alumni
Apr 7, 2025 5:30:53 AM

How many Form 1098 di you enter?

When was the loan originally taken out?

 

@rahulmoondra4207