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kerenholt
New Member

Hi. I have listed $15,000 total mortgage interest in your system, but it is showing up as $24,000 in the deductions section. What would account for this discrepancy?

 
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ChristinaS
Expert Alumni

Hi. I have listed $15,000 total mortgage interest in your system, but it is showing up as $24,000 in the deductions section. What would account for this discrepancy?

Do you have a home office or rental property also used as a home? For instance, if you have a home office, the percentage that is not applied to the Home Office automatically flows to the Schedule A as mortgage interest.

The only way something automatically goes there is if you entered mortgage interest within another section of the program. You would then remove the manual entry under Deductions and Credits.

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1 Reply
ChristinaS
Expert Alumni

Hi. I have listed $15,000 total mortgage interest in your system, but it is showing up as $24,000 in the deductions section. What would account for this discrepancy?

Do you have a home office or rental property also used as a home? For instance, if you have a home office, the percentage that is not applied to the Home Office automatically flows to the Schedule A as mortgage interest.

The only way something automatically goes there is if you entered mortgage interest within another section of the program. You would then remove the manual entry under Deductions and Credits.

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