I am deducting the same mortgage interest both under "wages and income" and "deductions and credits" and this seems wrong. Is this really correct?

[peter-crawford]

The mortgage interest is for a rental property.  Under "wages and income," the mortgage interest reduces the amount of my rental income.  Under "deductions and credits," it appears that the same mortgage interest I reported for the rental property is giving me an additional tax credit.  This seems odd to me.

[KatherineC · Accepted solution]

 You correctly deducted the mortgage interest for your rental property on your rental schedule.

However, you would not then turn around and report the same interest paid as mortgage interest on your Schedule A, unless or course you have two Form 1098’s for two different properties.

To remove the mortgage interest

• Log into your TurboTax return
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• Click on Federal Taxes
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• Click on Deductions and Credits
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• Under “Your tax breaks”, you will see “Mortgage Interest, Refinancing and Insurance.  Click the Edit/Add button.
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• You will see Mortgage deduction summary.  Click on the trash can button.  (See screenshot below)