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March 4, 2020
Question

Where on TurboTax can I see how much refund money was generated from my 1098 home form?

  • March 4, 2020
  • 1 reply
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1 reply

JohnB5677
March 6, 2020

Your taxes are dynamic.  Each entry affects all the other entries you've prepared.  So you can't determine how much refund money came from one deduction.

 

However, You can look at schedule A. This will give you the value of your Itemized Deductions.  The Standard deduction is $12,200 if Single and $24,400 if Married filing Jointly.  Line 17 of Schedule A  is greater than the appropriate Standard deduction, you got an additional tax advantage from the home.

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