I entered my total mortgage interest and it was $19,641. When turbotax did the review of deductions and credits it only showed an amount of $14,654. Why is it smaller?
Do you have a TurboTax Online account?
We'll help you get started or pick up where you left off.
I entered my total mortgage interest and it was $19,641. When turbotax did the review of deductions and credits it only showed an amount of $14,654. Why is it smaller?
posted
June 1, 20193:55 PM
last updated
June 01, 20193:55 PM
Connect with an expert
x
Do you have an Intuit account?
You'll need to sign in or create an account to connect with an expert.
I entered my total mortgage interest and it was $19,641. When turbotax did the review of deductions and credits it only showed an amount of $14,654. Why is it smaller?
The deduction can be limited if it's a recent loan and all of the mortgage/loan proceeds were not used to purchase/build/improve your home. See the Home Mortgage Interest Wks and the Deductible Home Mortgage Interest Wks in your "for records" print out.
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.