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

 
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2 Replies

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

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. 

 

KrisD15
Expert Alumni

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

How many Form 1098 di you enter?

When was the loan originally taken out?

 

@rahulmoondra4207 

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