turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I cannot get TT to recognize my manual adjustment to Federal interest deduction to account for limitation. I have tried to delete and enter. No luck

I had have two new mortgages in 2024 that combined exceed $750K. I need to manually override the TT mortgage interest to reflect the reduction. I enter the number in "Your Adjustments*" but nothing happens. Anyone else have this happen?
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
JohnB5677
Expert Alumni

I cannot get TT to recognize my manual adjustment to Federal interest deduction to account for limitation. I have tried to delete and enter. No luck

Do not do that.  You must reconcile it in the Step by Step process.

  • The 1098 (s) that were paid off when you got he new loan should show zero as a mortgage balance.
  • That will certainly reduce the amount you owe and may noy trigger the limitation.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

I cannot get TT to recognize my manual adjustment to Federal interest deduction to account for limitation. I have tried to delete and enter. No luck

Correct. That is not the issue.  

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question